AML Regime Reform- are you ready?
Highlights of the new AML requirements in HK and how sia partners can help.
During the last Mutual Evaluation of Hong Kong by the Financial Action Task Force (FATF), it has revealed some deficiencies in the area of the regulatory enforcement on financial institutions and the supervision power in the non - financial industries. To prepare for the upcoming FATF mutual evaluation in 2018, it is expected that the Hong Kong government will undertake a series of reforms to strengthen the AML regime.
For more information on the highlights of the new AML requirements in HK and how sia partners can help click here.