On March 26th, the Hong Kong Securities and Futures Commission (HK SFC) issued an anti-money laundering and counter terrorist financing (although they use CFT as an acronym) circular. It contained two elements:
- A notice that an updated Sudan sanctions list had been published in the government Gazette, and included a link to that publication.
- The SFC posted an updated self-assessment checklist on its website, and provided a link. It further explained:
The AML/CFT Self-Assessment Checklist has been prepared to provide a structured framework for licensed corporations (“LCs”) and associated entities (“AEs”) to assess compliance with the key AML/CFT requirements. LCs and AEs are advised to use the self-assessment checklist as part of their regular review to monitor their AML/CFT compliance.
The senior management of LCs and AEs should ensure that any compliance deficiencies identified during the regular reviews are rectified in a timely manner. In the course of our regular inspections, we may require LCs and AEs to provide documentary evidence of the performance of such review and its results.
Links:
