AML Policy Template for Hong Kong NGOs
More than ever, NGOs in Hong Kong need easy-to-implement policies to navigate the money laundering risks of their operations, including around fundraising activities. In response, PILnet has partnered with Davis Polk to create a template Anti-Money Laundering (AML) policy, specially tailored to NGOs in Hong Kong. The policy provides guidance on key areas such as money laundering and terrorist financing, risk assessments, due diligence, suspicious transaction reports (STRs), and record keeping.
This version of the AML Policy Template was last updated on 24 July 2024. This AML Policy Template is not intended to provide, and should not be relied on as, legal advice.