News & insights

Hong Kong's SFC Publishes Consultation on VATPs

Written by Insight & Partnership Team | May 23, 2023 3:49:00 PM

The document covers:

  • Comments received and SFC responses;
  • Implementation timetable for VATP Guidelines and AML Guidelines;
  • Final form of the revised Guidelines for VATP Operators;
  • Final form of the revised Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations and SFC-licensed Virtual Asset Service Providers); and
  • Final form of the revised Prevention of Money Laundering and Terrorist Financing Guideline issued by the SFC for Associated Entities of Licensed Corporations and SFC-licensed Virtual Asset Service Providers.

Relevant firms operating in Hong Kong can read the SFC’s conclusions to keep up to date with regulatory developments.