With deepening financial business integration and the continual financial institutions’ business innovation in recent years, the crime of money laundering and terrorist financing technique is also rising. In the face of increasingly complex financial environment, the domestic anti-money laundering regulatory requirements have also greatly changed, and the Central Bank this year consecutively enacted a number of guidance laws, regulations and policies related to different institutional types, which brings a new challenge to the anti-money laundering compliance of the reporting agencies.

Meanwhile, domestic anti-money laundering concept has also gradually been changed from “Rule-oriented” to “Risk-oriented”; Monitor dimensions have gradually been changed from a single particle of “transaction” dimension to the complex multidimensional particles of “Customer Feature + Transaction Feature” dimensions; Pre-warning has gradually been chosen to replace the post-reporting. These fundamental changes above also coincide with Hong Kong's anti-money laundering system construction over the years.

In order to effectively deal with the challenge of anti-money laundering regulations changes, assist the financial institutions to better meet regulatory requirements, reduce the operation risk, realize the proactive monitoring, RIKING HK brings a full set of Hong Kong Anti-Money Laundering Money Laundering Management System Solutions. The main modules of this System include client due diligence investigation module, black and white list library module, client risk rating module, transaction monitoring module, etc., which can assess the potential risks to reporting agencies’ anti-money laundering business by setting parameters with a flexible combination of a variety of factors such as reporting agencies’ industrial features, business scope, risk appetite, etc., in order to achieve the goal of effective monitoring.