In light of the “relatively broad” guidelines provided by the Hong Kong Monetary Authority (HKMA) on remote onboarding, Richard Mazzochi, partner of King and Wood Mallesons told Asian Private Banker that private banks can look to the regulatory expectations set by sister regulator, the Securities and Futures Commission (SFC). “The SFC has introduced a new approach for the online onboarding of overseas…
PBs can look to SFC expectations for remote onboarding to comply with HKMA rules
