SFC : 85% of licensed corporates embraced RegTech in AML

RegTech is changing the game in fighting financial crime.

The fight against money laundering and terrorist financing is evolving — and RegTech is at the forefront of this transformation. The latest report on RegTech adoption for AML/CFT, released in November 2024, highlights how licensed corporations (LCs) are leveraging technology to enhance compliance and operational efficiency:

- Over 85% of surveyed LCs say RegTech significantly improves their ability to identify and manage money laundering and terrorist financing risks promptly and effectively.

- Around 80% report that automating AML/CFT procedures reduces human errors and the unpredictable damages they cause.

- More than 75% believe RegTech helps optimise resource allocation, allowing staff to focus on higher-risk areas.

The adoption of RegTech also improves operational efficiency, timeliness of AML/CFT processes, and reduces overdue review cases — benefiting compliance, business, operations, and finance teams alike.

Want to learn more about how RegTech is reshaping the AML/CFT landscape? Connect with us to ace compliance requirements.

👉 Read the full report here: https://www.sfc.hk/-/media/EN/files/COM/Reports-and-surveys/Report-on-AML-Regtech-adoption_EN-final.pdf?rev=e25da83f98c34cd8b067b505fa01c84d&hash=59A3B5C3D73A189F66D3B8B436B0F542p.8