HONG KONG SECURITIES AND FUTURES COMMISSION 3-MONTH CONSULTATION ON PROPOSALS TO AMEND ITS AML/CFT GUIDELINES

A release on Mondo Visione on 18 September advised that the proposed amendments would facilitate the adoption of a risk-based approach by the securities industry, and they address some areas for enhancement identified in the latest FATF Mutual Evaluation Report. The amendments also include additional measures which would help mitigate risks associated with business arrangements such as cross-border correspondent relationships. The consultation runs to 18 December.

https://mondovisione.com/media-and-resources/news/hong-kong-securities-and-futures-commission-launches-consultation-on-anti-money/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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