Regulatory Alerts2013-04-25
Added · Updated
Supervisory Measures Following Seminars on Anti-Money Laundering
The Hong Kong Monetary Authority issued this circular on April 25, 2013, to outline supervisory measures following seminars on anti-money laundering and counter-financing of terrorism controls. The document mandates that all authorized institutions implement robust internal controls and risk management functions to address identified gaps in their compliance frameworks. It further requires institutions to enhance their bank culture and conduct self-assessments to ensure alignment with regulatory expectations regarding incentive systems and front-office conduct.
CIR
Current
Issue Date:
25 Apr 2013
20130425-2-EN.pdf (47.8 KB)
Topic:
AML & CFT - AML/CFT Controls
Banking Conduct & Enforcement - Bank Culture
Internal Controls - Risk management function
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
25 Apr 2013
Annex A - Seminar materials for 12 April 2013
Annex
Current
25 Apr 2013
Annex B - Seminar materials for 22 and 23 April 2013
Annex
Current
25 Apr 2013
Annex A - Seminar materials for 12 April 2013
Annex
Current
25 Apr 2013
Annex B - Seminar materials for 22 and 23 April 2013
Cross referenced Document
Version History
Superseded Document
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