Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and Associated Entities – Anti-Money Laundering / Counter-Financing of Terrorism Updated AML/CFT Self-Assessment Checklist

The Securities and Futures Commission, SFC, has issued a circular providing guidance to licensed corporations, associated entities, and virtual asset service providers on complying with key anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements. Specifically, the circular refers to and includes an updated AML/CFT Self-Assessment Checklist which has incorporated revisions to reflect the latest Guideline on Anti-Money Laundering and Counter-Financing of Terrorism – please refer to EventID 21251 for more information in this context.
The SFC expects firms to regularly perform the self-assessment and to remedy any deficiencies detected in the process. The Commission also makes aware of the fact that it may request „to provide documentary evidence of the performance of such review and its results“.