Regulatory Alerts2021-08-11
Added · Updated
Supporting the Use of New Technologies for AML/CFT: Suggested Actions for the Hong Kong Banking Sector
The Hong Kong Monetary Authority issued this circular to guide authorized institutions in adopting new technologies for anti-money laundering and counter-financing of terrorism controls. It outlines suggested actions for the banking sector to enhance regulatory compliance through the integration of fintech and regtech solutions. The document serves as a foundational reference alongside subsequent practice guides on regtech adoption published in late 2021 and 2022.