Anti-Money Laundering and Counter-Financing of Terrorism

Money launderers and terrorists engage in money laundering activities through the use of various techniques to disguise funds obtained from illegal activities including drug trafficking, corruption, tax evasion and fraud.

The HKMA supervises authorized institutions' (AIs) risk management systems for combating money laundering and terrorism financing, which follow international standards and practices, taking account of the risks to which the banking sector and individual AIs are exposed. Details of the HKMA's Supervisory Approach on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) and the role of AIs in Hong Kong's AML/CFT regime can be found in here.

Last revision date : 01 November 2019