Regulatory Alerts2021-05-24
Added · Updated
Remote on-boarding and iAM Smart
The Hong Kong Monetary Authority issued this circular on 24 May 2021 to provide guidance on remote on-boarding and the use of iAM Smart for customer identification. The document outlines supervisory expectations for Authorized Institutions implementing these digital on-boarding methods under AML/CFT controls. It references related circulars from February 2019 and practice guides from 2021 to support regulatory compliance in the fintech sector.