HongKong Guideline on Anti-Money Laundering: Regulatory Requirements for Crypto Currencies and How to Identify Money Laundering
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Chapter 12 — VIRTUAL ASSETS Edit by WuBlockchain This Chapter provides guidance on the ML/TF risks in relation to virtual assets and the AML/CFT regulatory requirements and standards for addressing such risks. These include factors that should be taken into consideration when conducting risk assessments under an RBA, virtual asset-specific requirements in conducting CDD and ongoing monitoring, and requirements in relation to virtual asset transfers and third-party deposits and payments in the form of virtual assets. It also provides elaborations and explanations of existing requirements in this Guideline with respect to their application to virtual asset transactions and activities, and sets out non-exhaustive illustrative risk indicators for assessing ML/TF risks and indicators of suspicious transactions and activities in relation to virtual assets.
HongKong Guideline on Anti-Money Laundering: Regulatory Requirements for Crypto Currencies and How to Identify Money Laundering
HongKong Guideline on Anti-Money Laundering…
HongKong Guideline on Anti-Money Laundering: Regulatory Requirements for Crypto Currencies and How to Identify Money Laundering
Chapter 12 — VIRTUAL ASSETS Edit by WuBlockchain This Chapter provides guidance on the ML/TF risks in relation to virtual assets and the AML/CFT regulatory requirements and standards for addressing such risks. These include factors that should be taken into consideration when conducting risk assessments under an RBA, virtual asset-specific requirements in conducting CDD and ongoing monitoring, and requirements in relation to virtual asset transfers and third-party deposits and payments in the form of virtual assets. It also provides elaborations and explanations of existing requirements in this Guideline with respect to their application to virtual asset transactions and activities, and sets out non-exhaustive illustrative risk indicators for assessing ML/TF risks and indicators of suspicious transactions and activities in relation to virtual assets.