THE NATURE OF AML/CFT RISK ASSESSMENTS

AML/CFT ISSUES GUIDE FOR PROCEDURES MANUAL

Dear Industry Participants, In an effort to assist practitioners in compiling their AML/CFT Procedures Manual the Commission has issued the following guidelines on the suggested content of these procedures manuals.

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The “Fit an d Proper” Test

Guidelines Fit and Proper Test Page 2 of 7 financial soundness, business plans and the appropriateness and acceptability of an applicant and a licence holder’s proposed sources of business, products and services.

Guideline on Compliance of Anti-Money Laundering and ...

implementation of effective measures to mitigate the risks of money laundering and terrorist financing. This Guideline is promulgated by reference to the requirements set out in the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“ the AMLO ”). Any non-compliance with a provision in the Guideline may

  Measure, Money, Financing, Terrorists, Counter, Laundering, Money laundering and counter, Money laundering, Terrorist financing

COVID-19-related Money Laundering and Terrorist Financing

• Measures to contain COVID-19 are impacting on the criminal economy and changing criminal behaviour so that profit -driven criminals may move to other forms of illegal conduct. • The COVID-19 pandemic is alimpactso ing government and private sectors’ abilities to implement anti-money laundering and counter terrorist financing

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PRACTICE GUIDELINES ON THE PREVENTION OF MONEY …

measures to counter terrorism and terrorist financing (TF). 5 The Financial Action Task Force (FATF) is an international task force established in 1989 to develop international standards to combat money laundering and the financing of terrorism and proliferation. The FATF published a revised set of 40 recommendations on AML/CFT measures in 2012 ...

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FATF REPORT Money Laundering from Environmental Crime

policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter …

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Guideline on Anti-Money Laundering and Counter …

The nature of money laundering and terrorist financing s.1, Sch. 1, AMLO 1.9 The term “money laundering” (ML) is defined in section 1 of Part 1 of Schedule 1 to the AMLO and means an act intended to have the effect of making any property: (a) that is the proceeds obtained from the commission of an

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National Strategy for Combating Terrorist and Other ...

The 2020 Strategy builds on the 2018 National Strategy for Combating Terrorist and Other . Illicit Financing (2018 Strategy) and its three supporting national risk assessments on money laundering, terrorist financing, and proliferation financing. 3. It identifies the following as the

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