Legislations

The following laws, regulations, guidelines, recommendations, etc, are worth referencing for all Money Service Operators in Hong Kong, especially Chapter 34 and Chapter 615, Laws of Hong Kong, and Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators). These are closely related to daily operations of the money services industry. This Association suggests that counterparts should familiar with the following legislations to avoid violating laws.

Others

• FATF - Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers(June 2019)
• Hong Kong’s Money Laundering and Terrorist Financing Risk Assessment Report(July 2022)
• The Financial Action Task Force (FATF) issued Forty Recommendations on money laundering. (Source: Financial Action Task Force (FATF) website)
• Revised FATF Recommendations (February 2012) (updated in March 2022)

• For the following laws and regulations of the People's Republic of China, please refer to the Chinese Central Government's Official Web Portal
• Anti-Money Laundering Law of the People's Republic of China
• Provisions on Anti-money Laundering through Financial Institutions
• Administrative Measures for Financial Institutions' Report of Transactions Suspected of Financing for Terrorist Purposes
• Administrative Measures for the Financial Institutions' Report of Large-sum Transactions and Doubtful Transactions