ESG: Regulations Summary

Section 7 of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) and Section 7(3) of the Banking Ordinance (BO) permit the publication of this guideline.

This recommendation also

1. Gives a broad overview of the topics of money laundering and terrorism financing (ML/TF), including a description of the key clauses of the relevant AML/CFT law in Hong Kong; and

2. Offers helpful advice to help Authorized Institutions and their senior management create and implement their own policies, practices, and controls in the pertinent operational areas while taking into account their unique circumstances in order to comply with the pertinent AML/CFT statutory and regulatory requirements.

The goal of the guidelines is to increase effectiveness.