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NEWS: Hong Kong Monetary Authority fines Commerzbank HK$6M (€768K) over AML Failures

By Elizabeth Hearst for AMLi

Hong Kong’s Monetary Authority (HKMA) has fined Commerzbank’s Hong Kong branch HK$6M (€768K) for AML/CFT failures.

In a statement, the HKMA announced it had conducted an investigation into the Hong Kong Commerzbank branch under the country’s Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). 

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