Sanctions: HKMA update 20110128

The full list of names and details of the sanctions can be downloaded in a pdf file from

http://www.info.gov.hk/hkma/eng/guide/circu_date/20110128e1.

Our Ref.: B10/1C
B1/15C
28 January 2011
The Chief Executive
All authorized institutions
Dear Sir/Madam,
United Nations Sanctions (Côte d’Ivoire) Regulation 2011 and List of Names for Suspicious Account Reporting

I am writing to inform you of the following developments:

(i) United Nations Sanctions (Côte d’Ivoire) Regulation 2011 Further to the gazettal of the United Nations Sanctions (Côte d’Ivoire) Regulation 2011 (Cap. 537 sub. leg. AS) on 14 January 2011, the Chief Executive has specified under section 32 of the Regulation a list of persons as a relevant person. The list was published in the Government Gazette (G.N.632 of 2011) today and is available on the government’s website (http://www.gld.gov.hk/egazette/).

(ii) List of names for suspicious account reporting
The US Government has recently added an individual to the list of individuals
and entities designated under US Executive Order 13224. The change since our last letter on this subject dated 24 December 2010 can be found on the website of the US Treasury under the heading of “Name of individual added on 1-20-11” (http://www.treasury.gov/resource-center/sanctions/Programs/Documents/terr
or.pdf).

Authorized Institutions (“AIs”) are reminded that in accordance with the provisions
of section 15 of the Supplement to the Guideline on Prevention of Money
Laundering, they should maintain a database of individuals and entities designated
under the United Nations (Anti-Terrorism Measures) Ordinance, United Nations
Sanctions Ordinance and US Executive Order 13224 for client and transaction
screening purposes.
The HKMA expects all new designations to be screened against an AI’s client list,
including account signatories and other connected parties, as soon as practicable
after the issuing of circular by the HKMA.

Any transactions or relations, past or present, with any designated individual or
entity should be reported to the Joint Financial Intelligence Unit and the HKMA.

Yours faithfully,
Danny Leung
Acting Executive Director (Banking Supervision)