On 14th May, Herbert Smith Freehills published an article reporting that the Hong Kong government has published a report detailing the money laundering and terrorist financing national risk assessment for Hong Kong. This follows the recommendations of FATF that jurisdictions identify and assess their ML/TF risks and apply mitigating measures and is a pre-cursor to the FATF’s onsite evaluation of Hong Kong’s ML/TF safeguards, scheduled to take place this Autumn.
The report is available at –
https://www.fstb.gov.hk/fsb/aml/en/doc/hk-risk-assessment-report_e.pdf