HKMA publishes a Thematic Review of Sanctions Screening Systems, highlighting banks’ strengths, best practices, exposing gaps, and setting standards to boost anti-fraud, AML, & FC defences

It highlights areas where systems are performing well, identifies common deficiencies, and shares good practices for strengthening controls. The guidance sets clear regulatory expectations for maintaining, monitoring, and enhancing sanctions screening processes, while also signaling follow-up supervisory actions where improvements are needed. This review forms part of the HKMA’s broader efforts to reinforce anti-fraud, anti-money laundering, and financial crime controls in collaboration with banks and law enforcement…