Hong Kong’s AML Guidelines are now smarter – is your KYC keeping pace?
At the start of 2025, Hong Kong introduced an important update to its AML/CFT guidelines. And this is not just another regulation update—it is a clear signal that the compliance model is changing:
Digitalization of KYC and AML Compliance: Trends, AI and Data-Driven Risk Management
The compliance space is going through a major transformation today. Traditional, paper-based KYC and AML processes are being replaced by faster, smarter, and digital solutions. In this article, we’ll explore the drivers behind this shift – such as artificial intelligence (AI), data integration – and what it all means for businesses that operate in high-risk or stringent regulatory sectors.
What is KYC? What is the difference between KYC and AML? Know Your Customer (KYC) vs. Anti-Money Laundering (AML)
In today’s world of compliance and regulation, two terms are most commonly used — KYC (Know Your Customer) and AML (Anti-Money Laundering). Both are related to each other, but their roles are different. The goal of both is to protect the financial system and businesses from misuse, but the approach is different. Let’s understand in simple language.