Hong Kong: Consultation opened on proposed legislative amendment in the anti-money laundering and counter-terrorist financing ordinance

The Financial Services and the Treasury Bureau opens a consultation until January 31, 2021 with the goal of getting feedback to different amendments of the anti-money laundering and counter-terrorist financing regulation in Hong Kong which includes but is not limited to a licensing regime for virtual asset services providers, a registration regime for dealers of precious metals and stones as well as different technical amendments in the anti-money laundering and counter-terrorist financing ordinance.