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Australia updates its Libya and Zimbabwe autonomous sanctions

Dear Subscribers, Notice of Changes to the Consolidated List Autonomous Sanctions Regulations 2011 – Autonomous Sanctions – Libya and Zimbabwe Following registration of the below listed Legislative Instruments made by the Minister for Foreign Affairs, DFAT has updated the Consolidated List: The Autonomous Sanctions (Designated Persons and Entities and Declared Persons—Libya) Amendment […]

Hong Kong SFC enforcement action: Southwest Securities fined 5 million HK$ for AML failings

SFC reprimands and fines Southwest Securities (HK) Brokerage Limited $5 million for breaches of anti-money laundering regulatory requirements 18 May 2020 The Securities and Futures Commission (SFC) has reprimanded and fined Southwest Securities (HK) Brokerage Limited (SSBL) $5 million for failures in complying with anti-money laundering and counter-terrorist financing (AML/CFT) […]

Two quick Hong Kong musings…

1) 6 fraud notices from the Hong Kong Monetary Authority (HKMA) in the last 2 days 2) I used to get sanctions updates from the Hong Kong Securities and Futures Commission (HKSFC), with links to the government Gazette. I can’t remember the last time they issued one – but clearly […]

HK SFC AML/CFT Circular: AML/CFT Self-Assessment Checklist

Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism Updated AML/CFT Self-Assessment Checklist The Securities and Futures Commission (“SFC”) today posted an updated AML/CFT Self-Assessment Checklist which has incorporated revisions to reflect the latest Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations)Note 1. […]

April 23, 2019: HK SFC AML/CFT Circular – counter terrorism measures

Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism (1)  United Nations (Anti-Terrorism Measures) Ordinance (2)  United Nations Sanctions (ISIL and Al-Qaida) Regulation (1)  United Nations (Anti-Terrorism Measures) Ordinance  Further to our circular issued on 18 April 2019, an updated list specifying terrorists and terrorist associates designated by the […]

April 18, 2019: HK SFC AML/CFT Circular

Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism (1)  United Nations (Anti-Terrorism Measures) Ordinance (2)  United Nations Sanctions (ISIL and Al-Qaida) Regulation (1)  United Nations (Anti-Terrorism Measures) Ordinance  Further to our circular issued on 16 April 2019, an updated list specifying terrorists and terrorist associates designated by the […]

April 16, 2019: HK SFC AML/CFT Circular

Circular to Licensed Corporations and Associated Entities – Anti-Money Laundering / Counter-Financing of Terrorism  (1) United Nations (Anti-Terrorism Measures) Ordinance (2) United Nations Sanctions (ISIL and Al-Qaida) Regulation 16 Apr 2019 Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism (1)  United Nations (Anti-Terrorism Measures) Ordinance (2)  United […]

April 1, 2019: HK SFC AML/CFT Circular

Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism (1)  United Nations (Anti-Terrorism Measures) Ordinance (2)  United Nations Sanctions (ISIL and Al-Qaida) Regulation (1)  United Nations (Anti-Terrorism Measures) Ordinance  Further to our circular issued on 25 March 2019, an updated list specifying terrorists and terrorist associates designated by the […]