Both the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) said today that the address verification requirements of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (AML Guideline) will be scrapped. “As a result, FIs (financial institutions) are only required to collect address information of customers and/or beneficial owners without the need to collect documentary evidence…

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]