Anti-Money Laundering

As an international financial centre, Hong Kong is committed to the fight against money laundering and terrorist financing. The establishment and operation of a comprehensive and effective anti-money laundering (AML) and counter-financing of terrorism (CFT) regime requires cross-functional co-ordination among Government bureaux and departments, regulators and law enforcement agencies.

Under the coordination of the Financial Services and the Treasury Bureau of the Government’s efforts to deliver AML/CFT policies, strategies and legislative initiatives, the Narcotics Division of the Security Bureau supports a number of AML / CFT policy areas, including -

• the declaration and disclosure system on the cross-boundary movement of large quantities of physical currency and bearer negotiable instruments; and
• AML and CFT policies and legislation with respect to certain designated non-financial businesses and professions.