Regulatory Alerts2026-03-16
Added · Updated
Thematic Review of Sanctions Screening Systems
The Hong Kong Monetary Authority issued this circular to share observations from a thematic review assessing the effectiveness of Authorized Institutions' sanctions screening systems. The review found that most systems meet regulatory expectations, with the HKMA recommending independent testing and timely sanctions list updates to ensure robust controls. Institutions are advised to conduct gap analyses and consider adopting artificial intelligence to optimize screening processes and enhance their overall sanctions risk management frameworks.