October 8, 2018: HK SFC AML/CTF Circular

Circular to Licensed Corporations and Associated Entities 

Anti-Money Laundering / Counter-Terrorist Financing

United Nations (Anti-Terrorism Measures) Ordinance

An updated list specifying terrorists and terrorist associates designated by the United Nations Security Council was published under section 4 of the United Nations (Anti-Terrorism Measures) Ordinance (Cap. 575) in the Gazette on 5 October 2018 (G.N. (E.) 53 of 2018). The list can be found on the Government’s website (https://www.gld.gov.hk/egazette/pdf/20182245e/egn2018224553.pdf).

The updates since the previous list was published in the Gazette (G.N. (E.) 48 of 2018) are identical to the updates which were made to the list of specified “individuals, groups, undertakings and entities” published under the United Nations Sanctions (ISIL and Al-Qaida) Regulation and notified to licensed corporations (“LCs”) and associated entities (“AEs”) in our circular dated 
5 October 2018 Note 1.

As previously indicated in our circulars on this subject, the Securities and Futures Commission expects LCs and AEs to screen all new designations against their client lists as soon as practicable whenever there are updates.  LCs and AEs are also reminded that they should 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/056/2018

Note 1 The circular can be accessed on the SFC’s website (https://www.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=18EC71).

Links:

HK SFC Notice

HK SFC Circular

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