The Hong Kong Monetary Authority has issued a circular to banks and licensees of stored value facilities, and its Financial Action Task Force has released the results of last month's plenary meeting, identifying jurisdictions with strategic deficiencies in their anti-money laundering, terrorist financing and weapons proliferation financing regimes. The Hong Kong Monetary Authority said that the FATF has completed the fifth targeted review of the implementation of relevant anti-money laundering standards for virtual assets and virtual asset service providers. The FATF will continue to monitor market trends and keep an eye out for any significant developments that require further action. This report will be published in the coming weeks.