Consultation paper on enhancing anti-money laundering regulation of designated non-financial businesses and professions

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Jan 2017

The purpose of the consultation paper is to seek views from the stakeholders on a legislative proposal to amend the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap.615), requiring designated non-financial businesses and professions to conduct customer due diligence when they engage in specified transactions.

The consultation period will end on 5 March 2017. For details of the consultation paper, please refer to the HKSAR Financial Services and The Treasury Bureau website.

Following the consultation, it is expected that a bill will be introduced into the Legislative Council in the second quarter of 2017. We will share our insights on the bill in coming news flash.

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Loretta Chan
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