March 14, 2019: HK SFC AML/CTF Circular – UN Sanctions Early Alert
Circular to Licensed Corporations and Associated Entities
Anti-Money Laundering / Counter-Financing of Terrorism
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 detail of one individual on its sanctions list Note 1, 2 on 13 March 2019 (New York time). Please refer to the relevant press release issued by the UNSC in Attachment 1.
Licensed corporations (“LCs”) and associated entities (“AEs”) should update their screening databases with the above change made by the UNSC sanctions committee 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 3 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 at 2231 1569 who will assist to refer your queries to the relevant officer.
Intermediaries Supervision Department
Securities and Futures Commission
Note 1 An updated list specifying “individuals, groups, undertakings and entities”, reflecting the amendment by the sanctions committee of the UNSC, 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 14 March 2019. The list obtained from the website of the Commerce and Economic Development Bureau is attached in Attachment 2.
Note 2 Licensed corporations and associated entities will also be alerted when the updated sanctions list, reflecting the amendment by the sanctions committee of the UNSC, is published under the United Nations (Anti-Terrorism Measures) Ordinance (Cap. 575) in the Gazette. The website of the Securities and Futures Commission (“SFC”) will also be updated to provide a weblink to the gazette notice thereof for easy reference.
Note 3 The circular on United Nations Sanctions can be accessed on the SFC’s website (http://www.sfc.hk/edistributionWeb/gateway/EN/circular/aml/aml-regulations/doc?refNo=18EC9)
HK SFC Notice
HK SFC Circular
UN Press Release (Attachment 1)
Updated Commerce and Economic Development Bureau List (Attachment 2)
Categories: HK Securities and Futures Commission Sanctions Lists Terrorism