Hong KongThe Hong Kong Monetary Authority announced the planned launch of iAM Smart, an initiative tool aimed at helping licensed entities and Stored Value Facility licensees, as well as financial institutions, to conduct commercial transactions online.
The Hong Kong Monetary Authority issued a notice to licensed entities concerning an updated report from the Financial Action Task Force on COVID-19-related money laundering and terrorist financing risks.
A Plan for Mexico’s central bank to buy excess U.S. dollars draws AML concerns, U.S. travel-rule proposal could trigger demand letters, and more, in the midweek roundup.
ING’s former chief faces Dutch criminal investigations for AML violations, Norway prepares large penalty against DNB, and more, in the midweek roundup.
The Securities and Futures Commission issued a disciplinary action against the Hong Kong-based subsidiary of The Goldman Sachs Group, Inc., requiring it to pay a $350 million fine for serious supervisory, risk, compliance and anti-money laundering controls deficiencies.
The Hong Kong Securities and Futures Commission issued an order banning Joanna Chu Lai Wa, former director and responsible officer of Shenzhen, China-based Guosen Securities (HK) Brokerage Company, Limited for her failure to implement adequate AML/CTF controls.
| Technical | Effectiveness |
|---|---|
| Compliant : 11 | High : 0 |
| Largely Compliant : 25 | Substantial : 6 |
| Partially Compliant : 4 | Moderate : 5 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 80/141 |
| Score : 4.99/10 |
| Rank : 16/180 |
| Score : 76/100 |
| Rank : 4/133 |
| Score : 66/100 |