Statutory Guidelines

Stored value facility (SVF) licensees are required to have in place adequate and appropriate systems of controls for anti-money laundering and counter-financing of terrorism (AML/CFT) in order to ensure compliance with relevant statutory requirements. 

Statutory Guidelines are issued by the Monetary Authority (MA) under the Payment Systems and Stored Value Facilities Ordinance and/or the Anti-Money Laundering and Counter-Terrorist Financing Ordinance which set out the relevant AML/CFT statutory and regulatory requirements, the AML/CFT standards which SVF licensees should meet in order to comply with the statutory requirements, and the manner in which the MA proposes to exercise the power to impose a pecuniary penalty.

• Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Stored Value Facility Licensees) (Revised May 2023) (Effective on 1 June 2023) (PDF File, 755.0 KB)
• Guideline on Exercising Power to Impose Pecuniary Penalty (Revised April 2018) (PDF File, 150.7 KB)