(a). If Michael Bank decides to move some of the credit analysis functions of commercial loan from Hong Kong to Guangzhou, what they should do with the Hong Kong Monetary Authority and what should be included in the communication? Provide the answers in points form. You are required to keep the answer as concise and relevant to the question as possible and must not include irrelevant answers.

(b). Michael Bank may be subject to the risks of terrorist financing in its daily operations, suggest five ways to reduce the risk. Provide the answers in points form. You are required to keep the answer as concise and relevant to the question as possible and must not include irrelevant answers.