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Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and Associated Entities - Anti-Money Laundering / Counter-Financing of Terrorism

Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and Associated Entities

Anti-Money Laundering / Counter-Financing of Terrorism

United Nations Sanctions (Somalia) Regulation 2019

Further to our circular issued on 31 May 2023, an updated list of “individuals and entities” under section 29 of the United Nations Sanctions (Somalia) Regulation 2019 (Cap. 537CG) was published on the website of the Commerce and Economic Development Bureau on 22 May 2024. A relevant press release issued by the United Nations Security Council, reflecting the updates since the previous list was published on the website of the Commerce and Economic Development Bureau, is attached in Attachment 1.

The aforesaid updated list obtained from the website of the Commerce and Economic Development Bureau is attached in Attachment 2.

Licensed corporations, SFC-licensed virtual asset service providers and associated entities are reminded to refer to Chapter 6 of the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations and SFC-licensed Virtual Asset Service Providers) (AML/CFT Guideline) which contains guidance on the appropriate measures that licensed corporations, SFC-licensed virtual asset service providers and associated entities should take to ensure compliance with the regulations made under the United Nations Sanctions Ordinance (Cap. 537)1. The Securities and Futures Commission expects all new designations to be screened by licensed corporations, SFC-licensed virtual asset service providers and associated entities against their client lists as soon as practicable whenever there are updates. Licensed corporations, SFC-licensed virtual asset service providers and associated entities are also reminded to report any transactions or relationships they have or have had with any designated person or entity to the Joint Financial Intelligence Unit.

Should you have any queries regarding the contents of this circular, please contact Ms Kiki Wong at 2231 1569 who will assist in referring your queries to the relevant officer.

Intermediaries Supervision DepartmentIntermediaries DivisionSecurities and Futures Commission

Enclosure

End

SFO/IS/019/2024

1 Under paragraph 6 of the Prevention of Money Laundering and Terrorist Financing Guideline issued by the Securities and Futures Commission for Associated Entities of Licensed Corporations and SFC-licensed Virtual Asset Service Providers, associated entities that are not authorized financial institutions are expected to have regard to the provisions of the AML/CFT Guideline as if they were themselves licensed corporations and/or SFC-licensed virtual asset service providers.



Supplementary document Attachment 1 Attachment 2

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