counter-terrorist financing

By  Urszula McCormack, Lauren Dray and Violet Wong King & Wood Mallesons’ Hong Kong office

The global standard-setter on anti-money laundering/counter-terrorist financing (“AML/CTF”), the Financial Action Task Force (“FATF”) held its recent plenary meeting in Valencia, Spain on 21-23 June 2017.

Key coverage included the ongoing fight against terrorist financing, improving transparency and beneficial ownership, “de-risking” and the application of the risk-based approach (“RBA”).

In this article, we set out 8 key points covered at the plenary meeting and provide 8 key takeaways for financial institutions operating in Hong Kong (“FIs”).
Continue Reading FATF Plenary: 8 things you should know