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Following an evaluation of Hong Kong in 2008, the Financial Action Task Force ("FATF")1 identified the following deficiencies in the Hong Kong anti-money laundering ("AML") and counter-terrorist financing ("CTF") regime

VASPs will be required to conduct customer due diligence to meet global anti-money laundering standards.

On July 2, 2020, the US Congress passed the Hong Kong Autonomy Act (HKAA), providing for mandatory sanctions against individuals, entities and financial institutions in response to China's National Security Law for Hong Kong.

The Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 has been passed by the Legislative Council on 7 December 2022.

The Cayman Islands Monetary Authority has issued two new binding rules that will fundamentally reshape compliance obligations for financial service providers, including mutual funds, private funds, and SIBA registrants. These rules convert previously non-binding guidance into enforceable requirements with significant penalties for non-compliance, mandating enhanced anti-money laundering programs, sanctions screening protocols, and independent audit obligations.

The Business Advisory lists risks and considerations for businesses operating in Hong Kong that have arisen since the implementation of the PRC National Security Law (NSL) in both China and Hong Kong.

On 21 May 2025, the Hong Kong Legislative Council passed the much-anticipated Stablecoins Bill ("Bill"), now citable as the Stablecoins Ordinance ("Ordinance")...

In February 2025, we published an article on the gazette of The Courts (Remote Hearing) Bill: https://hauzen.hk/remote-hearings-set-to-increase-in-hong-kong. This has now evolved into a concrete legal framework.

he NSL was enacted in the aftermath of a year of social unrest in Hong Kong and introduced criminal sanctions against acts of secession, subversion, terrorism, and collusion with foreign or external forces.

On Wednesday, October 14, 2020, the U.S. Department of State ("State") submitted a report to the U.S. Congress, as required under section 5(a) of the Hong Kong Autonomy Act ("HKAA"),...

The Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region (HKSAR National Security Law) was gazetted on 30 June 2020 ...

The Hong Kong Government has confirmed that the Stablecoins Ordinance will take effect on 1 August 2025, requiring issuers of fiat-referenced stablecoins in Hong Kong or those pegged to the Hong Kong dollar ("HKD") to be licensed by the Hong Kong Monetary Authority ("HKMA").

In July 2022, the Hong Kong government published its second money laundering (ML) and terrorist financing (TF) risk assessment report, based on an assessment completed in 2021, (the "Report").

On 2 March 2022, the Cyberspace Administration of China ("CAC") issued draft regulations on the administration of internet pop-up push notifications (the "Draft Regulations").

On 4 September 2019, the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) issued the Fourth Round Mutual Evaluation Report of Hong Kong, China (Report).

This alert answers the most asked questions about the new anti-money laundering and counter-terrorist financing regime.

Which legislative and regulatory provisions constitute the anti-money laundering, counter-terrorist financing and general financial crime prevention (collectively, 'AML') regime in your jurisdiction, ...