April 12, 2018: HK SFC AML/CTF Circular – Early Alert on UN Sanctions

Circular to Licensed Corporations and Associated Entities 

Anti-Money Laundering / Counter-Terrorist Financing

Early Alert on United Nations Sanctions 

The sanctions committee of the United Nations Security Council (“UNSC”) which administers the sanctions regime for ISIL (Da’esh) and Al-Qaida amended the entry of one individual in its sanctions list Note 1 on 10 April 2018.  Please refer to the relevant press release issued by the UNSC in Attachment 1.

Licensed corporations (“LCs”) and associated entities (“AEs”) should update their databases for sanctions screening of customers and payments accordingly.  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
Intermediaries Division
Securities and Futures Commission

Links:

HK SFC Notice

HK SFC Circular

UN Web Notice

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