Regulatory Alerts2013-04-25
Added · Updated
Supervisory Measures Following Seminars on Anti-Money Laundering Annex A
The Hong Kong Monetary Authority issued this document to outline enhanced supervisory expectations for authorized institutions regarding anti-money laundering and counter-terrorist financing controls. It mandates that senior management actively oversee ML risks, ensures Money Laundering Reporting Officers have sufficient resources and authority, and requires robust transaction monitoring and suspicious transaction reporting systems. The HKMA further commits to strengthening its examination programs and taking early intervention actions to enforce compliance with international standards and protect Hong Kong's status as an international financial centre.
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