Follow-Up Report Mutual Evaluation Hong Kong, China
Paris, 19 October 2012.
The FATF has released the follow-up report to the Mutual Evaluation Report of Hong Kong, China, which was adopted
ion 11 July 2008.
In the 2008 mutual evaluation, Hong Kong, China was rated partially compliant (PC) on a number of key (Recommendation 3, SR I and III) and core recommendations(Recommendations 5, 10 and SR II).
In October 2012, the FATF recognised that Hong Kong, China had made significant progress in addressing the deficiencies identified in the 2008 Mutual Evaluation Report. The FATF agreed that Hong Kong, China should now report on any further improvements to its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) system on a biennial update basis.
The decision by the FATF to remove a country from the regular follow-up process is based on updated procedures agreed in October 2009.