Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Asia-Pacific, Banking, Compliance, Regulatory

NEWS: Hong Kong banks get March deadline to tell regulator how AI can improve STRs

Hong Kong is one of Asia's leading financial hubs

By Paul O’Donoghue, Senior Correspondent One of Hong Kong’s most important financial regulators has urged banks to use artificial intelligence to help police financial crime. The Hong Kong Monetary Authority (HKMA), the jurisdiction’s central bank, said that new technology could be used to improve Suspicious Transaction Reports (STRs). Financial institutions have now been given until…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!