Circular to Licensed Corporations and Associated Entities - Anti-Money Laundering / Counter-Terrorist Financing
United Nations Sanctions (Sudan) Regulation 2013

27 Oct 2017



Circular to Licensed Corporations and Associated Entities 

Anti-Money Laundering / Counter-Terrorist Financing

United Nations Sanctions (Sudan) Regulation 2013

Further to our circular issued on 4 July 2014, an updated list specifying “relevant persons” under section 31 of the United Nations Sanctions (Sudan) Regulation 2013 (Cap. 537BF) was published in the Gazette on 27 October 2017 (G.N. 7845 of 2017).

The aforesaid list can be found on the Government’s website (http://www.gld.gov.hk/egazette/pdf/20172143/egn201721437845.pdf).

Licensed corporations (“LCs”) and associated entities (“AEs”) should check the names in the above list against their records, and report any transactions or relationships they have or have had with the named persons to the Joint Financial Intelligence Unit.

Furthermore, LCs and 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 OrdinanceNote 1.

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/043/2017

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.


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Page last updated : 27 Oct 2017