At the end of last year, China’s financial regulatory authorities gave clear “red lines” for the supervision of future financial technology. Firstly, resolutely breaking monopoly, correcting and investigating unfair ant-competition behavior, and maintaining fair competition market order; Secondly, it insisted that all financial activities must be supervised in accordance with laws and regulations, such that […]
Tag: Anti-Money Laundering
Anti-Money Laundering
The Hong Kong Monetary Authority (HKMA) published today (21 January 2021) a report titled “AML/CFT Regtech: Case Studies and Insights” highlighting the opportunities that Regtech offers to transform the effectiveness and efficiency of Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) efforts, and sharing end-to-end approaches which worked in real-life examples. Following the first AML/CFT RegTech […]