Regulatory Alerts2024-11-12
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Statements issued by the Financial Action Task Force
The Hong Kong Monetary Authority issued this circular on November 12, 2024, to update Authorized Institutions on recent statements released by the Financial Action Task Force. The document serves as a direct reference for compliance with the AML-2 Guideline on Anti-Money Laundering and Counter-Financing of Terrorism. It highlights the regulator's expectation for institutions to incorporate FATF guidance into their risk-based AML/CFT controls.
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