Regulatory Alerts2013-04-25
Added · Updated
Supervisory Measures Following Seminars on Anti-Money Laundering Annex B
The Hong Kong Monetary Authority and the Joint Financial Intelligence Unit issued guidance to authorized institutions on strengthening anti-money laundering and counter-terrorist financing controls. The document mandates senior management oversight, robust transaction monitoring, and high-quality suspicious transaction reporting to mitigate ML/TF risks. It further outlines the HKMA's intention to intensify supervisory examinations and enforce tougher regulatory actions for non-compliance.
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