Regulatory Alerts2018-10-19
Added · Updated
Supervisory Policy Manual SPM AML-1: Supervisory Approach on Anti-Money Laundering and Counter-Financing of Terrorism
The Hong Kong Monetary Authority issued Supervisory Policy Manual AML-1 to outline its supervisory approach for Anti-Money Laundering and Counter-Financing of Terrorism. This document establishes the regulatory framework and expectations for all Authorized Institutions regarding AML/CFT controls and compliance. It serves as the primary reference for supervisory assessments and risk-based oversight of financial institutions' anti-financial crime measures.
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