New KYC/AML Tools: Staying Savvy and Embracing Technology

Cheung D.M. Jason

The purpose of this paper is to raise awareness in the audit community on new technologies increasingly being employed by KYC/AML functions at banks, and the Hong Kong Monetary Authority’s respective outlook as Asia’s leading financial center regulator. This paper also illustrates a practical approach when conducting an AML audit on such new technologies.

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