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
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