Hong Kong, China’s measures to combat money laundering and terrorist financing


4 September 2019

 Hong Kong, China has a sound regime to fight money laundering and terrorist financing that is delivering good results. However, it must enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.

The Financial Action Task Force and the Asia-Pacific Group on Money Laundering assessed Hong Kong, China’s anti-money laundering and counter terrorist financing (AML/CFT) system. The Mutual Evaluation Report of Hong Kong, China 2019 is a comprehensive review of the effectiveness of Hong Kong, China’s measures and their level of compliance with the FATF Recommendations.