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HKMA looks to develop KYC utility with local bank association

HKMA Asian Private Banker
The Hong Kong Monetary Authority

The Hong Kong Monetary Authority (HKMA) is exploring the possibility of developing a know-your-customer (KYC) utility with the Hong Kong Association of Banks (HKAB), according to an update issued by the banking regulator. On 19 February, the HKMA will brief the Legislative Council (LegCo) Panel on Financial Affairs on various topics, including bank culture reform, investor protection, and developments in fintech….

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