Hong Kong regulator cracks down on money laundering compliance
HONG KONG - Banks in the Special Administrative Region are up against a tight deadline for implementing new anti-money laundering requirements, but the Hong Kong Monetary Authority (HKMA) is not going to move its September cut-off date.
A realistic deadline?
However, HKMA does not expect the deadline to be a problem for most firms, even though the final rules were released at the end of March. It said the Hong Kong Association of Banks was consulted on two draft versions of the
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