Something a little different this time – it's not about list changes:

(1) Suspicious Transaction Report

Suspicious transaction reporting is a vital and integral part of the regime to combat money laundering and terrorist financing.

Licensed corporations (“LCs”) and associated entities (“AEs”) when fulfilling their statutory obligations to file a suspicious transaction report are encouraged to make reference to the reporting methods and advice available on the website of the Joint Financial Intelligence Unit (“JFIU”) at http://www.jfiu.gov.hk/index.html, as well as the advice and observations from the JFIU set out in the Appendix.

LCs and AEs are also reminded to take appropriate steps to ensure that any suspicious transaction report submitted by them contains accurate, sufficient information of the transaction and the person or entity involved, and a reasonably detailed analysis of the suspicion triggering the obligation to file the report. By providing as much relevant information as possible in the suspicious transaction report, LCs and AEs will minimize the need for the JFIU to request further information from them that is required for analysis and follow-up.

(2) Seminar Materials

The PowerPoint slides of the presentations (in both English and Chinese versions) that SFC staff and speakers of the JFIU respectively made at the recent Anti-Money Laundering and Counter-Terrorist Financing Seminars Note 1 have been posted on SFC’s website Note 2 under the heading “Training materials – Presented by SFC staff” and under the heading “Training materials – Presented by external parties”, respectively.

LCs and AEs are encouraged to download the aforesaid presentation materials for reference and internal training as appropriate.

Should you have any queries regarding the contents of this circular, please contact Ms Kiki Wong on 2231 1569.

Intermediaries Supervision Department

Intermediaries Division

Securities and Futures Commission

Links:

HK SFC Notice

HK SFC Circular

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