HKMA to hold AML/CFT ‘lab sessions’ for firms
Hong Kong’s central bank wants firms to upgrade AML/CFT technology
The Hong Kong Monetary Authority is encouraging local financial firms to increase their use of technology in anti-money laundering (AML) and countering the financing of terrorism (CFT).
The central bank will roll out several AML/CFT measures in the coming months, it said in a circular published on August 11. It will hold a series of regulatory technology “interactive lab sessions” from November onwards to improve firms’ precautions against money laundering and financial crime.
The sessions
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