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

26 Jan 2018



Circular to Licensed Corporations and Associated Entities 

Anti-Money Laundering / Counter-Terrorist Financing 

United Nations Sanctions (Mali) Regulation

The United Nations Sanctions (Mali) Regulation ("the Mali Regulation"), made under the United Nations Sanctions Ordinance (Cap. 537) ("UNSO"), was published in the Gazette (L.N. 12 of 2018) on 26 January 2018 with immediate effect.

The Mali Regulation implements sanctions against Mali imposed by the United Nations Security Council under Resolution 2374.

We would like to draw licensed corporations’ ("LCs") and associated entities’ ("AEs") attention to section 2 of the Mali Regulation which provides for the prohibition against making available funds or other financial assets or economic resources to relevant persons or entities, or dealing with funds or other financial assets or economic resources of relevant persons or entities, except with a licence.

The aforesaid regulation can be found on the Government’s website (http://www.gld.gov.hk/egazette/pdf/20182204/es22018220412.pdf).

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 UNSO Note 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/004/2018

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 : 26 Jan 2018