TechFlow reports that the Hong Kong Securities and Futures Commission (SFC) today released an updated "Self-Assessment Checklist on Anti-Money Laundering / Counter-Terrorist Financing," reflecting the latest "Guideline on Anti-Money Laundering and Counter-Terrorist Financing (Applicable to Licensed Corporations and Virtual Asset Service Providers licensed by the SFC)."
The checklist provides a systematic and comprehensive framework for licensed corporations, SFC-licensed virtual asset service providers, and related entities to conduct self-assessments of their compliance with key anti-money laundering and counter-terrorist financing requirements.
The regulator emphasized that these institutions should use the self-assessment checklist to carry out regular reviews to monitor their compliance with anti-money laundering and counter-terrorist financing regulations.
Senior management should ensure that any compliance deficiencies identified during the periodic reviews are promptly rectified. During supervision, the SFC may require these institutions to provide documentary evidence relating to the reviews and their findings.
