Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and Associated Entities – Anti-Money Laundering / Counter-Financing of Terrorism – United Nations Sanctions (Libya) Regulation 2019

The Securities and Futures Commission (SFC) has issued an update regarding the revised list of “individuals and entities” under section 43 of the United Nations Sanctions (Libya) Regulation 2019, published by the Commerce and Economic Development Bureau on December 21, 2024. Licensed corporations, SFC-licensed virtual asset service providers, and associated entities must refer to Chapter 6 of the AML/CFT Guideline to ensure compliance with the United Nations Sanctions Ordinance. They are required to screen new designations against client lists promptly and report any connections with designated individuals or entities to the Joint Financial Intelligence Unit.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/aml/doc?refNo=24EC67