On Dec. 6, HK CRG published revised guideline for money lenders.
HK CRG revised Guideline on anti-money laundering and counter-financing of terrorism applicable to licensed money lenders, which will become effective on Mar. 3, 2025.
Changes were made following an overall review; comments received were incorporated.
Follows HK CRG May 2023 published Guideline on compliance of anti-money laundering and counter-terrorist financing requirements for licensed money lenders, #106110.
