The Securities and Futures Commission (SFC) today released consultation conclusions on proposed amendments to its anti-money laundering and counter-financing of terrorism (AML/CFT) guidelines.

The amendments aim to align the guidelines with the Financial Action Task Force’s (FATF) AML/CFT standards, which include additional guidance to facilitate the implementation of risk-based AML/CFT measures by securities industry participants.

One of the major focus is that SFC recommends licensed corporations to perform institutional ML/TF risk assessments according to FATF's recommendations.

https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=21PR93