Supplement to the Guideline on Prevention of Money Laundering

Our Ref.:

B10/1C
B1/15C

21 June 2007

The Chief Executive
All authorized institutions

Dear Sir/Madam,

Supplement to the Guideline on Prevention of Money Laundering

I am writing to inform you that, following consultation with the Industry Working Group on Prevention of Money Laundering and Terrorist Financing, the HKMA has taken the view that AIs may regard members of the Hong Kong Institute of Chartered Secretaries (HKICS) as a suitable certifier under paragraph 6.8 of the Supplement to the Guideline on Prevention of Money Laundering (Supplement). This means that AIs can now accept documents certified by members of the HKICS as a complete and accurate copy of the original documentation.

The HKMA will amend the Supplement to reflect the above change in due course. If you have any questions, please feel free to contact Mr Ronnie Wong on 2878 1399 or Ms Sophia Lam on 2878 8281. On-line access to this letter is available under the icon "Circulars and Guidelines" in the HKMA's public (http://www.hkma.gov.hk) and private (http://www.stet.finnet.hk) websites.

Yours faithfully,

Simon Topping
Executive Director (Banking Policy)

c.c.

The Chairman, The Hong Kong Association of Banks
The Chairman, The DTC Association
FSTB (Attn: Ms Angelina Kwan)