Amended Articles 3, 5, and 10 of the “Regulations Governing CPA Continuing Professional Education,” Making Coursework on Anti-Money-Laundering and Countering-Terrorism-Financing Laws and Practices a Requirement of CPA Continuing Professional Education:

To improve the competence of CPAs and the quality of their professional services, and to increase all CPAs’ understanding of the operation and scope of anti-money-laundering and countering-terrorism-financing laws and practices, on 23 December 2019 the FSC announced amendments to the “Regulations Governing CPA Continuing Professional Education” requiring hereafter that a CPA who has obtained a practice registration shall take part in a minimum of three hours per year of continuing professional education on anti-money-laundering and countering-terrorism-financing laws and practices. This amendment took effect on 1 January 2020.