HK SFC AML/CTF Circular updates CAR and Libya sanctions

Circular to Licensed Corporations and Associated Entities 

Anti-Money Laundering / Counter-Terrorist Financing 

(1)  United Nations Sanctions (Central African Republic) Regulation 2018 

(2)  United Nations Sanctions (Libya) Regulation 2011 

(1)  United Nations Sanctions (Central African Republic) Regulation 2018 

Further to the gazettal of the United Nations Sanctions (Central African Republic) Regulation 2018 (Cap. 537CA) (“the CAR Regulation”) on 8 June 2018 Note 1, a list specifying “relevant persons and entities” under section 32 of the CAR Regulation was published in the Gazette on 15 June 2018 (G.N. 4161 of 2018).

The aforesaid list can be found on the Government’s website(https://www.gld.gov.hk/egazette/pdf/20182224/egn201822244161.pdf). 

(2)  United Nations Sanctions (Libya) Regulation 2011 

Further to our circular issued on 9 December 2016, an updated list specifying “relevant persons and entities” under section 38 of the United Nations Sanctions (Libya) Regulation 2011 (Cap. 537AW) was published in the Gazette on 15 June 2018 (G.N. 4162 of 2018).

The aforesaid list can be found on the Government’s website(https://www.gld.gov.hk/egazette/pdf/20182224/egn201822244162.pdf). 

Licensed corporations (“LCs”) and associated entities (“AEs”) are reminded to refer to Chapter 6 of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (“AML Guideline”) which contains guidance on the appropriate measures that LCs and AEs should take to ensure compliance with the regulations made under the United Nations Sanctions Ordinance (Cap.537) Note 2.  The Securities and Futures Commission expects all new designations to be screened by LCs and AEs against their client lists as soon as practicable whenever there are updates.  LCs and AEs are also reminded to report any transactions or relationships they have or have had with any designated person or entity to the Joint Financial Intelligence Unit.

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

End

SFO/IS/034/2018

Note 1 Please refer to our circular issued on 8 June 2018 (http://www.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=18EC41).
Note 2 Under paragraph 6 of the Prevention of Money Laundering and Terrorist Financing Guideline issued by the Securities and Futures Commission for Associated Entities, AEs that are not authorized financial institutions are expected to have regard to the provisions of the AML Guideline as if they were themselves LCs.

Link:

HK SFC Circular

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