From November 19 to 20, 2024, the 5th Anti-Money Laundering (AML) Exchange Meeting among the Mainland, Hong Kong and Macao was held in Chengdu, Sichuan. Attendees included nearly 70 representatives from relevant departments in Chinese mainland, including the People’s Bank of China, public security organs, and customs agencies; from relevant departments in Hong Kong, including the Financial Services and the Treasury Bureau, the Security Bureau, the Hong Kong Police Force, the Independent Commission Against Corruption, the Companies Registry, the Hong Kong Monetary Authority, and the Securities and Futures Commission; and from relevant departments in Macao such as the Financial Intelligence Office of the Unitary Police Service, the Commission Against Corruption, Macao Customs, the Monetary Authority of Macao, the Gaming Inspection and Coordination Bureau, and the Judiciary Police.
At the meeting, relevant departments of the three regions respectively reported the progress in AML and countering the financing of terrorism (CFT) since the last round of AML assessment, introduced important laws on AML and CFT in recent years, and exchanged work experiences on AML regulation of financial institutions, AML systems of specific non-financial institutions, and the use of financial technology to promote AML work. In addition, these departments analyzed the trends, characteristics and typical cases of cross-border money laundering activities, and discussed issues related to carrying out regional money laundering risk assessment.
The successful holding of this exchange meeting is of great significance to strengthening mutual trust and cooperation among the AML departments of the mainland, Hong Kong and Macao, jointly improving the AML work, and conducting a new round of international AML assessment.
