| Journal Call no. | HG1302.Q37 |
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| Author | Carse, David. |
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| Article Title | Money laundering : the regulator's perspective / David Carse. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.5, Nov 1995, p.32-37. |
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| Abstract | Anti-money laundering measures are consistent with the supervisor's objectives of maintaining banking stability and protection of depositors, as well as with the need to maintain Hong Kong's reputation as an international financial centre. The Monetary Authority's guidelines incorporate the Basle Committee's Statement of Principles and the recommendations of the Financial Action Task Force. Particular importance is attached to the principle of "know your customer". The guidelines are currently being revised to take account of recent changes in legislation and consideration is being given to extending the net to cover non-regulated financial intermediaries. |
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