HK Publishes Guidance on Transaction Monitoring Screening
20 February 2023
HK Publishes Guidance on Transaction Monitoring Screening
The Hong Kong Monetary Authority (HKMA) has released an updated guidance paper on transaction monitoring, screening, and reporting.
Supervisory expectations are clarified with regard to governance, alert handling and other controls in order for FI’s to use more advanced data sources to combat financial crime and fraud.
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