Financial institutions Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance and controls continue to be an area of focus by regulators across the globe.  In Hong Kong, the AML legislative framework is expanding to cover new sectors such as virtual asset service providers, and address other concerns raised by the Financial Action Taskforce during its last mutual evaluation of Hong Kong. 

The presenters discussed: 

  • The international context for Hong Kong’s AML/CTF regime
  • A recap of the laws and regulations related to Hong Kong’s money laundering and terrorist financing offences
  • Recent regulatory AML enforcement cases 
  • Challenges for financial institutions 
  • What’s Next?