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HKMA issues new circular on SAR names under UN anti-terror and sanctions ordinances

Dec 31 2012 Regulatory Intelligence reporting team

Hong Kong's de facto central bank issued a circular "circular" on Friday concerning the United Nations (Anti-Terrorism Measures) Ordinance, United Nations Sanctions Ordinance and List of Names for Suspicious Account Reporting. In the guidance, Nelson Man, executive director for banking supervision at the Hong Kong Monetary Authority (HKMA), stated that the secretary for security had specified an updated list of terrorists and terrorist associates designated by the United Nations Security Council Committee under s 4 of the United Nations (Anti-Terrorism Measures) Ordinance (Cap. 575). The list was published in the Gazette (Guidance Note 8258 of 2012) on December 28. Regarding the United Nations Sanctions (Afghanistan) Regulation of 2012, the secretary for commerce and economic development had also specified an updated list of relevant individuals and entities designated under s 29 of the regulation (Cap. 537 sub. leg. AX). The list was published in the Gazette (Guidance Note 8259 of 2012)

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