Regulatory Alerts2022-01-28
Added · Updated
Regulatory approaches to Authorized Institutions' interface with Virtual Assets and Virtual Asset Service Providers
The Hong Kong Monetary Authority issued this circular to outline supervisory expectations for Authorized Institutions engaging with virtual assets and virtual asset service providers. The document mandates that institutions implement robust anti-money laundering and counter-financing of terrorism controls when interacting with these entities. It emphasizes a risk-based approach to managing the specific financial crime risks associated with virtual asset transactions and service providers.
CIR
Current
Issue Date:
28 Jan 2022
20220128-1-EN.pdf (293.1 KB)
Topic:
AML & CFT - AML/CFT Controls
Fintech - Virtual assets
Supervisory Approach
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
SPM-SGL
Current
25 May 2023
AML-2 Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Authorized Institutions)
CIR
Archive
28 Jan 2022
Joint circular on intermediaries' virtual asset-related activities
CIR
Archive
28 Jan 2022
Joint circular on intermediaries' virtual asset-related activities
Enclosure: Appendix 1 - 6
CIR
Current
16 Dec 2019
Managing ML/TF Risks Associated with Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs)
Directly related Document
SPM-SGL
Current
25 May 2023
AML-2 Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Authorized Institutions)
CIR
Archive
28 Jan 2022
Joint circular on intermediaries' virtual asset-related activities
CIR
Archive
28 Jan 2022
Joint circular on intermediaries' virtual asset-related activities
Enclosure: Appendix 1 - 6
CIR
Current
16 Dec 2019
Managing ML/TF Risks Associated with Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs)
Version History
Superseded Document
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