HKMA calls for innovation in fight against money laundering

View of Hong Kong skyline — Hong Kong: central bank warns of “new and emerging risks” in the city’s AML/CFT regime

- Central Banking Newsdesk
- 27 Nov 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The Hong Kong Monetary Authority (HKMA) is encouraging banks and financial services firms to use innovative technology for anti-money laundering and to counter the financing of terrorism (AML/CFT), while urging greater collaboration to drive change in the industry.

Hong Kong’s de facto central bank warns of “new and emerging risks” in the city’s AML/CFT regime, as potential perpetrators could exploit new technology to cause harm to consumers and the integrity of the financial system.

“The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact info@centralbanking.com to find out more.

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com