Introduction
1.1 The Guideline is published under section 7 of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Cap. 615 (the AMLO).
1.1a The Guideline is also published under section 7(3) of the Banking Ordinance, Cap. 155, and supersedes Guideline No. 3. “Guideline on Prevention of Money Laundering” (revised in July 2010) and “Supplement to the Guideline on Prevention of Money Laundering and Interpretative Notes” (revised in July 2010) issued by the Monetary Authority.
1.1b In addition to the Guideline on Anti-Money Laundering and Counter-Terrorist Financing issued by the Monetary Authority, registered institutions and associated entities that are Authorized Institutions (AIs) are required to have regard to paragraphs 7.39-7.40 of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing issued by the Securities and Futures Commission in identifying securities or futures sector-specific suspicious transactions.
1.2 Terms and abbreviations used in this Guideline shall be interpreted by reference to the definitions set out in the Glossary part of this Guideline. Interpretation of other words or phrases should follow those set out in the AMLO.
1.3 This Guideline is issued by the Hong Kong Monetary Authority (HKMA) for giving guidance to AIs. In general, the guidance provided in the Guideline in Chapters 1-10 to AIs is not different from the guidance provided by other relevant authorities (RAs) under their respective regulatory regimes. To the extent that the HKMA sees fit to provide supplementary guidance in Chapters 1-10, such will be put in italics for ease of identification. In addition, Chapters 11-12 provide sector-specific guidance to AIs.
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