GCC Consulting

Circular to Licensed Corporations, SFC-licensed Virtual Asset Service Providers and Associated Entities – Anti-Money Laundering / Counter-Financing of Terrorism | United Nations Sanctions (Central African Republic) Regulation 2020 (Amendment) Regulation 2025

The circular informs licensed corporations, SFC-licensed virtual asset service providers, and associated entities about the immediate implementation of the United Nations Sanctions (Central African Republic) Regulation 2020 (Amendment) Regulation 2025, published on February 21, 2025. This amendment enforces sanctions from the UN Security Council Resolution 2745, including renewed travel bans and financial sanctions, along with modifications to arms-related measures. Recipients are urged to consult Chapter 6 of the Anti-Money Laundering and Counter-Financing of Terrorism Guideline for compliance measures related to these regulations. Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/aml/doc?refNo=25EC12

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