Regulatory Alerts2022-06-30
Added · Updated
Statements issued by the Financial Action Task Force
The Hong Kong Monetary Authority updates authorized institutions on FATF statements regarding high-risk jurisdictions and jurisdictions under increased monitoring. Institutions must continue applying enhanced due diligence measures to Iran and North Korea while the FATF review process remains paused due to the pandemic. The circular also highlights FATF outcomes concerning the Travel Rule for virtual assets and strategic priorities on digital transformation and cross-border financial crime.