HKMA Publishes Good Practices on AML/CTF Controls

12 May 2021

HKMA Publishes Good Practices on AML/CTF Controls

The Hong Kong Monetary Authority (HKMA) has published key observations and good practices for banks on integrating external source data into AML/CFT control systems to enhance effectiveness.

This guidance was issued as a result of a recent review carried out by the HKMA in response to emerging risks in connection with COVID-19 related fraud as well as mule account networks and activities related to identity theft and investment scams.

Banks should make use of this resource to improve their own Financial Crime Risk Management controls and to train their staff.

Read the full guidance

Back to news and insights Read next article

HKMA Publishes Good Practices on AML/CTF Controls

12 May 2021

HKMA Publishes Good Practices on AML/CTF Controls

The Hong Kong Monetary Authority (HKMA) has published key observations and good practices for banks on integrating external source data into AML/CFT control systems to enhance effectiveness.

News and insights

Plenitude Insight into the application of AI in UK's Investment Industry

GCFFC publishes its AML Supervision Report for 23/24

ICAEW publishes its AML report for 23/24