---
title: Hong Kong Launches Information Sharing Platform
description: HKMA, Hong Kong Association of Banks and the Hong Kong Police Force (“HKPF”) have launched the Financial Intelligence Evaluation Sharing Tool (“FINEST”).
---

[News & insights ](https://www.plenitudeconsulting.com/news-insights)

# [Hong Kong Launches Information Sharing Platform](https://www.plenitudeconsulting.com/news-insights/hong-kong-launches-information-sharing-platform)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | Jun 20, 2023 2:35:00 PM

FINEST is a bank-to-bank information sharing platform which is designed to:

- Increase the ability of banks to share information for detecting and disrupting fraud and mule account networks;
- Give the public greater protection from fraud and financial crimes; and
- Enhance the integrity of the banking system.
- The platform will be introduced in phases, beginning with a pilot phase involving five domestic systemically important Authorized Institutions (“D-SIBs”) and will focus on sharing information related to corporates suspected to be involved in fraud-related money laundering activities.

Based on the pilot phase, the platform may be expanded to include additional banks. Firms can follow the progress of the platform’s initial implementation.

[View full post](https://www.plenitudeconsulting.com/news-insights/hong-kong-launches-information-sharing-platform)

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