Gov’t OKs revised Banking Bill 2025

The ordinance will enable banks to share account information to detect and prevent crimes.

The government has passed the Banking (Amendment) Bill 2025, enabling banks to share account information under specified conditions to help detect and prevent crime in Hong Kong.

The ordinance introduces a voluntary mechanism for banks and law enforcement agencies to exchange information via secure platforms designated by the Monetary Authority.

Information may be shared on corporate and individual accounts when suspicious activities—such as money laundering or terrorist financing—are identified.

The bill also provides legal protection for banks that disclose relevant data. It will take effect this year, with the commencement date to be announced separately.