The Financial Action Task Force (FATF) has revised Hong Kong's rating on Recommendation 28 from partially to largely compliant. The recommendation relates to risk-based anti-money laundering (AML) supervision of designated non-financial businesses and professions, which a FATF evaluation in September 2019 recognised as not fully operational in the jurisdiction. Hong Kong remains partially compliant on four recommendations, including recommendation 15 relating to virtual assets, and will remain in regular follow-up.
News Source：【FATF 2023/02/17】