Regulatory Alerts2021-07-26
Added · Updated
Regtech Adoption Practice Guide
The Hong Kong Monetary Authority issued the second issue of the Regtech Adoption Practice Guide to assist authorized institutions in adopting regulatory technology for ongoing customer monitoring under Anti-Money Laundering and Counter-Financing of Terrorism frameworks. The document addresses operational challenges caused by manual processes and highlights the potential of advanced technologies like machine learning to improve risk assessment and data collation. It provides a framework for banks to evaluate their governance, controls, skills, infrastructure, and data readiness for implementing these Regtech solutions.
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HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.