SFC Consults on Proposed Amendments to its Anti-Money Laundering and Counter-Terrorist Financing Guidelines

The Securities and Futures Commission (“SFC”) has on 5 July 2018 commenced a one-month consultation (the “Consultation Paper”) on proposals to amend (a) the Guideline on Anti-Money Laundering and Counter- Terrorist Financing (the “AML Guideline”), and (b) the Prevention of Money Laundering and Terrorist Financing Guideline issued by the SFC for Associated Entities (collectively, the “Guidelines”). The public is invited to submit comments on or before 9 August 2018. 

Read more