Views On Regulatory Regimes Issued

The Government published today a paper outlining the views received during the consultation on proposals to enhance anti-money laundering and counter-terrorist financing regulation in Hong Kong.

A total of 79 submissions were received during the consultation from November 3 last year to January 31 this year.

The Government said it is pleased to note that the respondents generally agreed with the overall direction, principles and the broad framework of the legislative proposals which mainly seek to introduce a licensing regime for virtual asset service providers and a registration regime for precious metal and stone dealers.

The Government will fine-tune the proposals having regard to the comments and suggestions received and aim to introduce an amendment bill to the Legislative Council in the current legislative session.