The Financial Services and the Treasury Bureau (“FSTB”) has launched a public consultation on legislative proposals to enhance the Anti-Money Laundering and Counter-Terrorist Financing (“AML/CTF”) regulation in Hong Kong through the introduction of
(a) a licensing regime for virtual asset services providers;
(b) a two-tier registration regime for dealers in previous metals and stones; and
(c) miscellaneous technical amendments under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap.615).
The consultation document is available on the FSTB’s website: https://www.fstb.gov.hk/fsb/ppr/consult/consult_amlo.htm.