Compliance Commit HK


Firm Announcements and Law Updates

SFC Circular : Anti-Money Laundering / Counter-Financing of Terrorism

Anti-Money Laundering / Counter-Financing of Terrorism

LCs should apply enhanced due diligence measures, including obtaining information on the reasons for intended transactions, and conducting enhanced monitoring of business relationships, by increasing the number and timing of controls applied, and selecting patterns of transactions that need further examination, to business relationships and transactions with natural and legal persons from the concerned countries. LCs are further advised that the type of enhanced due diligence measures applied should be effective and proportionate to the risks, and in line with the standards as specified in the SFC circulars.

Please refer details of the Circular by the following link:

Circulars to Licensed Corporations and Associated Entities - Anti-Money Laundering / Counter-Financing of Terrorism :
Frequently Asked Questions
Circular :

Early Alert on United Nations Sanctions - ISIL (Da’esh) and Al-Qaida

FATF Updates

Reference : SFC Circular

Source: Compliance Commit

Compliance Commit