Are AML and CFT Based Practices for Validation of Tax Residency Inadequate for AEoI CRS Purposes?

Marco Zawar shares his views on why Anti Money Laundering and Counter Financing of Terrorsism related due diligence measures in Hong Kong are insufficient to meet financial institutions’ AML/KYC requirements under AEoI/CRS.

He assesses the risks of neglecting the implementation of AEoI/CRS compliance frameworks on FIs and comments on initiatives in the region to agree standards on transparency and exchange of information to tackle tax evasion and other illicit financial flows in Asia.

Are-AML-and-CFT-Based-Practices-for-Validation-of-Tax-Residency-Inadequate-for-AEoI-CRS-Purposes-Marco-Zawar

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