The Hong Kong Institute of Chartered Secretaries (Institute) - the governance institute - has set both general anti-money laundering and counter-financing of terrorism (AML/CFT) standards in 2008 and for the trust and company service providers (TCSPs) sector - post-Panama Papers - in 2016.
The Institute’s AML/CFT related work was recognised by the Hong Kong Government in its ‘Money Laundering and Terrorist Financing Risk Assessment Report’ (April 2018) submitted to the Financial Action Task Force’s (FATF’s) – where there was specific mention of the HKICS AML/CFT Charter signed by leading TCSPs accredited as adopting the HKICS AML/CFT Guideline.
In 2018 the Hong Kong Government has promulgated official TCSP AML/CFT standards with a licensing regime administered by the Companies Registrar consistent with the Institute’s AML/CFT Charter programme. As such, subscription of the AML/CFT Charter is now by invitation only to leading licensed TCSPs committed to promoting best AML/CFT practices for the wider TCSP sector as HKICS AML/CFT Organisations.
For the historical AML/CFT Charter programme, please click here. Please read the HKICS AML/CFT Guideline as the official Government TCSP sector guideline with waiver of the accreditation requirement for licensed TCSPs.
For enquiries, please contact Mr Mohan Datwani FCIS FCS(PE), Secretary, Advisory Board, HKICS AML/CFT Charter, at email@example.com, or 2881 6177.