The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.
June 20, 2023Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
March 8, 2023Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.
January 5, 2023Refinitiv, was recognised for best solution in PEPs, sanctions & name screening at Regulation Asia's 5th annual awards ceremony.
November 22, 2022MAS observed an overreliance on system vendors to set the screening parameters. Most FIs did not enquire about or assess vendors' information sources.
April 30, 2022Executive director Carmen Chu says work is underway to update HKMA's guidance on name screening, transaction monitoring and suspicious transaction reporting.
April 27, 2022The case involved control deficiencies in respect of 33 Financial Services Limited's transaction monitoring and name screening systems, the HKMA said.
January 17, 2022SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.
December 21, 2021Napier covers transaction monitoring, screening, perpetual KYC, risk scoring, and suspicious transaction reporting from within a single integrated platform.
December 10, 2021The HKMA flagged issues related to risk assessments, business partner arrangements, customer risk assessments, and transaction monitoring.
September 28, 2021