Regulatory Alerts2020-06-12
Added · Updated
Third Issue of Regtech Watch
The Hong Kong Monetary Authority published the third issue of Regtech Watch to highlight how regulatory technology can enhance Anti-Money Laundering and Counter-Financing of Terrorism measures. The document outlines four specific use cases: remote account opening using biometric verification, transaction monitoring via supervised machine learning to reduce false positives, automation of risk management tasks through APIs and robotic process automation, and network identification using advanced data mining. While providing these examples to assist authorized institutions, the HKMA clarifies that the newsletter does not endorse specific solutions and requires banks to conduct their own due diligence before adoption.
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HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.