Hong Kong is committed to the fight against money laundering and terrorist financing. The establishment and operation of a comprehensive and effective regime to tackle the twin problems requires cross-functional co-ordination among government departments, private organisations and international bodies.

In the light of changes in the money laundering and terrorist financing situation at the international level and with a view to strengthening the strategy in tackling the twin problems, the Financial Services and the Treasury Bureau has taken over the overall co-ordinating role for anti-money laundering/counter terrorist financing policies with effect from October 2008.

The Financial Services and the Treasury Bureau, as the co-ordinator, will monitor Hong Kong's overall compliance with all the 40+9 Recommendations made by the Financial Action Task Force. Narcotics Division will assist in overseeing the implementation of those Recommendations that are related to the non-financial sectors and the non-profit organisations with a view to ensuring that the anti-money laundering/counter-terrorist financing measures taken by the relevant sectors and organisations are in step with the established international standards.