SFC Updates AML/CFT Checklist for Licensed Firms!

The post SFC Updates AML/CFT Checklist for Licensed Firms! appeared first on Coinpedia Fintech News

The Securities and Futures Commission (SFC) has released an updated AML/CFT Self-Assessment Checklist for licensed corporations, SFC-licensed virtual asset service providers, and associated entities. The checklist is designed to help these entities assess their compliance with the latest guidelines on anti-money laundering and counter-financing of terrorism. It provides a structured framework for reviewing and monitoring AML and CFT compliance. Senior management is responsible for rectifying any compliance deficiencies identified during the regular reviews. The SFC may request documentary evidence of these reviews as part of its supervision.