SFC hosts forum to encourage responsible Regtech adoption for anti-money laundering and counter-financing of terrorism

The Securities and Futures Commission (SFC) hosted the “SFC AML/CFT Regtech Forum 2024,” bringing together over 300 government officials, industry leaders, and experts to discuss the role of regulatory technology (Regtech) in combating money laundering and terrorist financing. SFC CEO Julia Leung emphasized the importance of adopting Regtech to improve compliance efficiency and reduce costs associated with financial risks. The event featured keynote speeches and discussions on the latest trends in Regtech, with a focus on using technology like artificial intelligence to enhance risk management. A panel session highlighted the growing challenges of money laundering and the potential for Regtech to strengthen Hong Kong’s financial ecosystem.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR188