APAC · Hong Kong HKMA
AML-2 Guideline on AML/CFT for Authorized Institutions
GuidelineIn Force
- Issuing authority
- HKMA
- Effective date
- In force since May 2023; updated FAQs December 2024; PEP guidance and AI sharing guideline November 2025
- Scope
- HKMA
Key requirements
Hong Kong's AML rulebook for banks (Authorized Institutions). Risk-based approach with a 3-tier customer risk model, PEP screening aligned with FATF, correspondent banking standards, wire transfer rules and VASP regulation. The November 2025 updates added new PEP guidance plus a guideline for voluntary AI-to-AI information sharing banks can now share information through automated systems to detect financial crime.
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