The Hong Kong Monetary Authority is likely to step up scrutiny of banks’ anti-money-laundering measures ahead of an inspection visit to the city later this year by the global body charged with setting standards in the fight against illegal funding. Photo: Nick Bevens

Hong Kong banks’ efforts against money laundering to face scrutiny as global regulator’s visit looms

The visit later this year of the global anti-money-laundering policy body the Financial Action Task Force will have local regulators stepping up their oversight of banks

Topic |   Financial regulation

TOP PICKS

The Hong Kong Monetary Authority is likely to step up scrutiny of banks’ anti-money-laundering measures ahead of an inspection visit to the city later this year by the global body charged with setting standards in the fight against illegal funding. Photo: Nick Bevens
READ FULL ARTICLE