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HKMA Concludes Public Consultation on Information Sharing to Combat Banking Crime

HK

HKMA Concludes Public Consultation on Information Sharing to Combat Banking Crime
HK

HK

HKMA Concludes Public Consultation on Information Sharing to Combat Banking Crime

2024-09-30 16:12 Last Updated At:10-01 01:51

Consultation conclusions on information sharing among Authorized Institutions to aid in prevention or detection of crime

The Hong Kong Monetary Authority (HKMA) published today (September 30) the conclusions of the public consultation on a proposal for information sharing among Authorized Institutions (AIs) to aid in prevention or detection of crime (Conclusions Document). The Conclusions Document sets out the main comments received, the HKMA’s responses, and the next steps on taking forward the HKMA’s proposal.

The HKMA launched a public consultation on January 23, 2024 to seek views from the banking sector and the public on proposals to facilitate sharing of information among AIs of information on customer accounts (including personal customers) for the purposes of preventing and detecting crime. The aim of the proposals is to help protect bank customers and the banking system against abuse for fraud, money laundering and terrorist financing (ML/TF).

The HKMA received a total of 18 submissions from the banking industry, professional associations, public sector, law enforcement agencies, relevant firms and organisations and members of the public in the consultation. Respondents were generally in support of the proposal. In particular, the HKMA welcomes the comments provided by the Office of the Privacy Commissioner for Personal Data (PCPD) from the perspective of protection of personal data privacy under the Personal Data (Privacy) Ordinance (Cap. 486) (PDPO), which are reflected in the Conclusions Document.

The HKMA will take into account the comments received and proceed with preparation of the necessary legislative amendments, which will form part of the overall review of the Banking Ordinance. In the meantime, the HKMA will continue to engage stakeholders on practical matters relating to implementation of the proposal.

The Conclusions Document is available on the HKMA website.

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China

The following is issued on behalf of the Hospital Authority:

The Hospital Authority (HA) held a flag-raising ceremony in celebration of the 75th anniversary of the founding of the People's Republic of China today (October 1).

The ceremony was held at the Hospital Authority Building at 10.30am. The national flag was hoisted along with the Hong Kong Special Administrative Region (HKSAR) flag to a rendition of the national anthem. Participants expressed their wishes for the prosperity, stability and peace of the motherland.

About 170 guests attended the ceremony, including the Director-General, the Coordination Department of the Liaison Office of the Central People's Government in the HKSAR, Mr Zhu Wen; the Permanent Secretary for Health, Mr Thomas Chan; the Director of Health, Dr Ronald Lam; the Chairman of the HA, Mr Henry Fan; the Chief Executive of the HA, Dr Tony Ko; members of the HA Board and Hospital Governing Committees, as well as senior executives of HA Head Office, clusters and hospitals.

Mr Fan said, "This year marks the 75th anniversary of the founding of the People's Republic of China. We are profoundly proud of the remarkable development and world-renowned achievements of the motherland throughout the years. With the unique strengths under 'one country, two systems', Hong Kong has maintained its prosperity, stability and development. As the major public healthcare service provider in Hong Kong, the HA will continue to fully support the HKSAR Government's administration and is committed to safeguarding the health of the community. The HA will also continue to enhance co-operation and exchanges with relevant professional institutions in different cities on the Mainland to deepen collaboration in the healthcare and medical field, and to jointly promote the development of medical services."

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China  Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China  Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China  Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China  Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China  Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China  Source: HKSAR Government Press Releases

Hospital Authority holds flag-raising ceremony to celebrate 75th anniversary of founding of People's Republic of China Source: HKSAR Government Press Releases

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