Anti-Financial Crime & Financial Crime Compliance
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Asia-Pacific, Banking, Compliance, Regulatory

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

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…

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