Regulatory Alerts2025-02-18
Added · Updated
Refined Measures on Real-Time Fund Transfers Made by Customers
The Hong Kong Monetary Authority issued this circular on 18 February 2025 to update regulatory requirements for authorized institutions regarding real-time fund transfers. This document supersedes the 2021 Enhanced Measures, refining consumer protection standards to address evolving risks in digital payment systems. It mandates specific operational and security protocols for banks to safeguard customer assets and prevent fraud during instant transactions.