The Hong Kong Monetary Authority (HKMA) and the Global Coalition to Fight Financial Crime (GCFFC) co-hosted the APAC Fighting Financial Crime Conference 2025, convening public and private sector participants from across Hong Kong’s anti-money laundering and counter-financing of terrorism (AML/CFT) ecosystem. Discussions focused on strengthening the fight against fraud and broader financial crime in a more complex operating environment, including through faster collaboration, information sharing and the use of artificial intelligence. Conference panels and breakout sessions examined international best practices and technology developments to tackle high levels of frauds and scams, as well as changes banking supervisors have made to AML supervision to improve outcomes achieved by banks. Participants also discussed Hong Kong’s role in international AML standard setting, including in a conversation with former Financial Action Task Force president Clarie Lo, and highlighted public-private collaboration in APAC, including legislative changes introduced by the HKMA to support information sharing between banks.

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