February 5, 2018: HK SFC AML/CTF Circular

Circular to Licensed Corporations and Associated Entities 

Anti-Money Laundering / Counter-Terrorist Financing

Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance 2018

Further to our circular issued on 26 June 2017 Note 1, the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance 2018 (“the Amendment Ordinance”) was published in the Gazette (L.N. 4 of 2018) on 2 February 2018 and will come into operation on 1 March 2018.

The Amendment Ordinance can be found on the Government’s website (http://www.gld.gov.hk/egazette/pdf/20182205/es1201822054.pdf).

Licensed corporations and associated entities are reminded to review the Amendment Ordinance and ensure compliance with its requirements, including those set out in the aforesaid circular, and further amendments made during the Bills Committee stage which are available on the Legislative Council’s website (https://www.legco.gov.hk/yr17-18/english/counmtg/papers/cm20180124cb3-273-e.pdf).

Should you have any queries regarding the contents of this circular, please contact Ms Kiki Wong on 2231 1569.

Intermediaries Supervision Department
Intermediaries Division
Securities and Futures Commission

Links:

HK SFC Notice

HK SFC Circular

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