On 4 May 2022, Ms Annie Chan, our Managing Director shared her experience and personal insights on “Anti-Money Laundering and Counter-Terrorist Financing Best Practice and the Latest Update”, in the webinar organized by the Treasury Markets Association in Hong Kong.
Latest updates of AML/CFT standards & relevant legislation and regulations in Hong Kong were discussed with a focus on the latest development and the disciplinary actions taken by the Hong Kong Monetary Authority (HKMA) in relation to violations of the AML/CFT requirements.
Along with the emergence of cryptocurrencies and stable coins, Annie also shared with the audience the development and recent regulatory approaches of the HKMA and the Securities and Futures Commission relating to AML/CFT on Virtual Assets and Virtual Asset Service Providers.
