In accordance with the provisions of Chapter 6 of the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Stored Value Facility Licensees), stored value facility (SVF) licensees should establish and maintain effective policies, procedures and controls to ensure compliance with the relevant regulations and legislation on terrorist financing, financial sanctions and proliferation financing.
SVF licensees should maintain a database of individuals and entities designated under the United Nations Sanctions Ordinance (UNSO) and United Nations (Anti-Terrorism Measures) Ordinance (UNATMO) for customer and transaction screening purposes.
The HKMA expects all new designations to be screened against a SVF licensee’s customer list as soon as practicable whenever there are updates. Any transactions or relations with any designated individual or entity should be reported to the Joint Financial Intelligence Unit.
The Commerce and Economic Development Bureau is responsible for maintaining lists of designated individuals and entities under the UNSO, while the Security Bureau maintains lists of designated individuals and entities under the UNATMO. Links to the relevant websites are provided below.