The Chief Executive
All Stored Value Facility Licensees
Dear Sir/Madam,
I am writing to inform you that, following an industry consultation, the Hong Kong Monetary Authority (HKMA) published in the Gazette today (G.N. 3118 of 2023) the revised Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Stored Value Facility Licensees) (AML/CFT Guideline) under section 54(1A)(b) of the Payment Systems and Stored Value Facilities Ordinance. The revised AML/CFT Guideline will be effective on 1 June 2023. Stored value facility (SVF) licenseesshould review the revised AML/CFT Guideline and implement appropriate measures, consistent with the risk-based approach.
On-line access to the revised AML/CFT Guideline is available on the HKMA website (https://www.hkma.gov.hk/eng/key-functions/banking/anti-money-laundering-andcounter-financing-of-terrorism/aml-cft-related-information-for-stored-value-facilitylicensees/statutory-guidelines/) and regulatory reporting and information website (https://www.rri.iclnet.hk/). A marked-up version of the revised AML/CFT Guideline is attached to this letter and can also be found on the HKMA’s website.
If you have any questions relating to the AML/CFT Guideline, please contact us at aml@hkma.iclnet.hk.
Yours faithfully,
Stewart McGlynn
Acting Executive Director (Enforcement and AML)
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