February 20, 2018: HK SFC AML/CTF Circular
Circular to Licensed Corporations and Associated Entities
Anti-Money Laundering / Counter-Terrorist Financing
Early Alert on United Nations Sanctions
The following sanctions committees of the United Nations Security Council (“UNSC”) amended their sanctions lists on 14 and 15 February 2018 respectively:
(a) the sanctions committee which administers the sanctions regime for ISIL (Da’esh) and Al-Qaida amended the details of one individual on its sanctions list Note 1 on 14 February 2018. Please refer to the relevant press release issued by the UNSC in Attachment 1; and
(b) the sanctions committee which administers the sanctions regime for the Democratic People’s Republic of Korea amended the details of one individual on its sanctions list Note 1 on 15 February 2018. Please refer to the relevant press release issued by the UNSC in Attachment 2.
Licensed corporations (“LCs”) and associated entities (“AEs”) should update their screening databases with the above changes made by the UNSC sanctions committees for sanctions screening of customers and payments. LCs and AEs are reminded to refer to our circular on United Nations Sanctions issued on 7 February 2018 Note 2 which sets out our expectations on actions that LCs and AEs should take regarding sanctions imposed by the UNSC.
Should you have any queries regarding the contents of this circular, please contact Ms Kiki Wong on 2231 1569.
Intermediaries Supervision Department
Securities and Futures Commission
HK SFC Notice
HK SFC Circular
Categories: HK Securities and Futures Commission UN Updates