The School of Business and Management of The Hong Kong University of Science and Technology (HKUST Business School), in partnership with the Hong Kong Monetary Authority (HKMA), co-hosted a workshop on AI adoption in anti-money laundering and counter-financing of terrorism (AML/CFT) at HKUST campus. The event drew over 200 participants, comprising representatives from licensed banks, industry professionals, as well as HKUST faculty and students.
Focusing on how financial institutions can expand AI beyond efficiency‑driven applications toward predictive and preventive risk detection, the workshop featured a panel session and presentations with representatives from Bank of China (Hong Kong), Deutsche Bank, UBS, and Ant Bank. The panel discussion highlighted three themes: the shift from rules‑based to agentic AI for continuous monitoring, scalability and handling large data sets, and implementation journeys. This is followed by presentations highlighting use cases of agentic AI in risk detection and source‑of‑wealth corroboration.
In welcoming the workshop attendees, Professor Frederik ANSEEL, Dean of HKUST Business School, said, "AI is a driving force for the next decade of business. Across our curriculum, we are integrating AI concepts to help students develop the skills to work with these tools. Progress in AI cannot be achieved alone—our collaboration with the HKMA and industry partners reflects a shared belief in the value of partnership. This workshop demonstrates how industry–academia collaboration connects sectors and perspectives to accelerate AI adoption in critical areas of the financial sector."
Mr. Raymond CHAN, Executive Director in Enforcement and AML of the HKMA, delivered the opening remarks. "Standing still is not an option. Banks need to constantly strive for greater efficiency and effectiveness in combating money laundering by, adopting proven technologies at scale and being prepared to explore and test new technologies. Otherwise, they will be overwhelmed by growingly sophisticated threats from bad actors as well as noises from systems that do not adequately mitigate those threats."
Attendees also gained hands-on exposure through on-site booth demonstrations of agentic AI tools—covering areas such as suspicious transaction reporting and customer onboarding corroboration. The insights gathered from these demonstrations, together with the panel discussions, have been consolidated and will inform future HKMA guidance publications.
The workshop reaffirmed HKUST Business School as a convening platform where research and industry practice come together. As Hong Kong pursues its AI ambition, the School will continue contributing through research, developing future‑ready talent, and fostering dialogue to help build smarter, safer financial systems.
Professor Frederik ANSEEL, Dean of HKUST Business School (left), meets with Mr. Raymond CHAN, Executive Director (Enforcement and AML) of the Hong Kong Monetary Authority (right), at the workshop on Supporting A.I. Adoption in AML/CFT co-hosted by HKUST Business School and the HKMA.
Group photo of Professor Frederik ANSEEL, Dean of HKUST Business School (fourth left), Mr. Raymond CHAN, Executive Director (Enforcement and AML) of HKMA (center) and Mr. Stewart MCGLYNN, Division Head of AML of HKMA (first left) with representatives from Bank of China (Hong Kong), Ant International Group, Deutsche Private Bank and UBS.
Group photo of Professor Frederik ANSEEL, Dean of HKUST Business School (middle left), Prof. Tony SHIEH, Associate Professor of Business Education and Academic Director of the HKUST MSAC Program (first left), Mr. Raymond CHAN, Executive Director (Enforcement and AML) of the HKMA (middle right), and Mr. Stewart MCGLYNN, Division Head of AML of HKMA (first right), Mr. Chad OLSEN, Partner at KPMG China (second left) and Ms. Lilian SIN, Partner at KPMG China (second right).
Professor Frederik ANSEEL, Dean of HKUST Business School. welcomes attendees at the workshop
Co-hosted by HKUST and HKMA, the event draws over 200 participants, comprising representatives from licensed banks, industry professionals, as well as HKUST faculty and students.
Mr. Raymond CHAN, Executive Director in Enforcement and AML of the HKMA, delivers opening remarks
About the HKUST Business School
The HKUST Business School is young, innovative and committed to advancing global business knowledge. The School has forged an international reputation for world class education programs and research performance, and has received many top global rankings. Rooted in Asia yet global in outlook, our international community of faculty and learners thrives on the convergence of diverse cultures, creating an engaging and stimulating environment for learning and research. HKUST graduates are highly competitive, consistently ranking among the world’s top 30 most sought-after employees. For more details about the School, please visit https://bm.hkust.edu.hk.
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