On 24 June 2022, the Hong Kong government published in the Gazette the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (Amendment Bill). The Amendment Bill proposes amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615) (AMLO) to introduce a new framework for a licensing regime for VASPs, impose statutory AML/CTF obligations on the VASP sector, and establish specific investor protection safeguards relating to virtual assets, amongst other amendments.