The Hong Kong Securities and Futures Commission (SFC) is introducing customer due diligence (CDD) requirements on cross-border correspondent relationships in the securities sector, after concluding its consultation on proposed amendments to its anti-money laundering and counter-financing of terrorism (AML/CFT) guidelines. Overall, the amended guidelines provide greater clarity and additional flexibility in meeting the AML/CFT requirements for cross-border correspondent relationships, an…
Revised SFC guidelines add clarity to AML requirements for cross-border correspondent relationships
17 September 2021

Share article
Share article
Related News

Standard Chartered appoints new PB head for India
15 July 2022

Citi PB hires global head of family office group from J.P. Morgan PB
15 June 2022

Citi Private Bank hires ex-DBS senior market head
20 May 2022

Hong Kong regulators prep schemes to boost data transparency
10 May 2022

Singapore hits family offices with new tax incentive requirements
14 April 2022

Our onshore India presence sets us apart in cross-border financing for South Asian clients: Deutsche Bank WM
2 March 2022

Exclusive
APB’s 2021 Holiday Season Crossword
22 December 2021

GBA Wealth Management Connect raises questions over cross-border marketing
15 October 2021

Hong Kong considers tax concessions to boost family office appeal
7 October 2021

Research on central bank digital currency lends hope to smoother cross border transactions
28 September 2021

Southbound Bond Connect marks new milestone for cross-boundary trading
16 September 2021

Exclusive
Synergising tangible relationships with data analytics will be key to success for PBs: COOLC
9 September 2021