Regulatory Alerts2018-10-19
Added · Updated
Supervisory Approach on Anti-Money Laundering and Counter-Financing of Terrorism
The Hong Kong Monetary Authority issues this policy to outline its supervisory approach for ensuring Authorized Institutions comply with Anti-Money Laundering and Counter-Financing of Terrorism regulations. The document establishes the framework for assessing the effectiveness of institutions' internal controls and risk management systems in preventing financial crimes. It details the HKMA's expectations for governance, oversight, and the implementation of risk-based measures to mitigate ML/TF risks across the banking sector.
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