Regulatory Alerts2018-10-19
Added · Updated
Supervisory Approach on Anti-Money Laundering and Counter-Financing of Terrorism
The Hong Kong Monetary Authority issues this statutory guideline to define its supervisory approach for Authorized Institutions' anti-money laundering and counter-financing of terrorism systems. The document mandates a risk-based supervisory framework where regulatory engagement is calibrated to the specific money laundering and terrorist financing risks presented by individual institutions and the banking sector. It outlines the legal obligations, enforcement powers, and collaborative mechanisms required to safeguard the integrity of Hong Kong's financial system against illicit fund flows.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share