Regulatory Alerts2018-05-10
Added · Updated
Strengthening Information and Intelligence Sharing
The Hong Kong Monetary Authority issued this circular to update Authorized Institutions on initiatives to strengthen public-private information sharing regarding money laundering and terrorist financing. The regulator requires institutions to implement revised guidance for Suspicious Transaction Reports to ensure systematic, high-quality submissions that align with Joint Financial Intelligence Unit expectations. Additionally, Authorized Institutions are expected to actively support the Fraud and Money Laundering Intelligence Taskforce by participating in its operations and utilizing disseminated alerts to enhance crime detection and prevention.
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