Your bank doesn’t have an effective AML system? JP Morgan Chase was just fined with $1.6 for having a not efficient AML practice
Carmen Chu, executive director (enforcement and AML) of the HKMA, says: “A bank must have procedures that are effective for the purpose of carrying out its duties under the AMLO [Anti-Money Laundering and Counter-Terrorist Financing Ordinance].
https://www.bankingtech.com/2019/01/jp-morgan-chase-fined-by-hong-kong-regulator-for-money-laundering-fails/AbnAsia.org Software. Faster. Better. More Reliable. +84945924877 (Asia# Mobile, WhatsApp, Telegram, Viber, Zalo); +16699996606 (US# Mobile, WhatsApp, Telegram) [email protected]