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According to Caixin, the Hong Kong Monetary Authority requires banks to complete the investigation of fake document accounts opened since January 2023 within three months and close problematic accounts within six months. At the same time, a clean-up of zombie accounts will be initiated within the next three months. KYC confirmation will be conducted again for accounts with zero balance and no trading activity as of May 22, 2026. Accounts that have not completed the procedures will be closed within six months.