The Hong Kong Monetary Authority’s (HKMA’s) updated Guideline on Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) has removed some due diligence requirements for private banks to facilitate risk-based regulatory control. The regulator’s guideline is akin to the AML guideline for licensed corporations, published on 15 October by the Securities and Futures Commission (SFC), which provided clarity on virtual onboarding…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Subscriber Only Content

This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.

Login

Subscribe

Indispensable intelligence

Request for a free trial to Asian Private Banker today.

Need help? Please see our FAQ Guide or email [email protected]