The Hong Kong Monetary Authority (HKMA) has announced the release of a revised Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Stored Value Facility Licensees). This follows an industry consultation and the guideline will become effective from 1 June 2023. SVF licensees must review the revised guideline and take necessary measures to ensure compliance in accordance with the risk-based approach. The revised guideline is available online through the HKMA and regulatory reporting and information websites. A marked-up version of the revised guideline has also been provided in the letter and can be accessed on the HKMA website.
Marked-up version of AML/CFT Guideline (For Stored Value Facility Licensees): https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2023/20230525e2a1.pdf