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Hong Kong regulator may adopt biometric checks in fight against financial crime

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Hong Kong regulator may adopt biometric checks in fight against financial crime

The Hong Kong Monetary Authority said it may consider adopting biometrical authentication methods to combat financial crime.

The regulator plans to explore the feasibility, robustness, costs and benefits of different technologies, including facial recognition, in a bid to strengthen the overall security of the banking system. However, it may not overhaul ATMs with facial recognition scans, the regulator said May 29 in response to a media report.

The regulator may also look into security measures being used by other jurisdictions, following measures that have been introduced in Macau.