Circular to Licensed Corporations and Associated Entities
Anti-Money Laundering / Counter-Terrorist Financing
United Nations Sanctions (ISIL and Al-Qaida) Regulation
Further to our circular issued on 21 September 2018, an updated list specifying “individuals, groups, undertakings and entities” was published under section 25 of the United Nations Sanctions (ISIL and Al-Qaida) Regulation (Cap. 537CB) on the website of the Commerce and Economic Development Bureau on 5 October 2018. A relevant press release issued by the United Nations Security Council, reflecting the updates since the previous list was published on the website of the Commerce and Economic Development Bureau, is attached in Attachment 1.
The aforesaid list obtained from the website of the Commerce and Economic Development Bureau is attached in Attachment 2.
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 1. 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
Securities and Futures Commission
Note 1 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.
HK SFC Notice
HK SFC Circular
UN Web Notice (Attachment 1)
Commerce and Economic Development Bureau list (Attachment 2)