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Countering Money Laundering and Terrorist Financing

Hong Kong is committed to the fight against money laundering and terrorist financing. The establishment and operation of a comprehensive and effective regime to tackle the twin problems requires cross-functional co-ordination among government departments, private organisations and international bodies.

In the light of changes in the money laundering and terrorist financing situation at the international level and with a view to strengthening the strategy in tackling the twin problems, the Financial Services and the Treasury Bureau has taken over the overall co-ordinating role for anti-money laundering/counter-terrorist financing policies with effect from October 2008.


The Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance (Cap. 629)

The Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance (“the Ordinance”) establishes a declaration and disclosure system on the cross-boundary transportation of large quantities of currency and bearer negotiable instruments into and out of Hong Kong for the purposes of anti-money laundering and counter-financing of terrorism. The Ordinance came into operation on 16 July 2018.

According to the Ordinance, any person arriving at Hong Kong’s control points and in possession of currency or bearer negotiable instruments (such as traveller’s cheques) with a total value of more than HKD120,000, is required to use the Red Channel under the Red and Green Channel System to make a written declaration to a Customs officer. Other arriving persons and persons leaving Hong Kong are also required to make a disclosure if requested by a Customs officer. Advance online declaration is required for import or export in a cargo consignment. Offenders may be prosecuted. For details, please visit www.customs.gov.hk.


Anti-Money Laundering and Counter-Terrorist Financing Guideline for Dealers in Precious Metals and Stones (UPDATED)

This Guideline aims to assist Precious Metals and Precious Stones Dealers to develop best practices and procedures to prevent them from being abused by money launderers and terrorist financiers. It is advisable for Precious Metals and Precious Stones Dealers in Hong Kong to adopt this Guideline.


An Advisory Guideline on Preventing the Misuse of Charities for Terrorist Financing

This Guideline aims to assist charities to develop best practices and procedures to prevent them from being misused for terrorist financing. It is advisable for charities in Hong Kong to adopt the suggestions set out in this Guideline.

Appendix



Anti-Money Laundering and Counter-Financing of Terrorism Seminars for Designated Non-financial Businesses and Professions
Date
Session (Language)
Powerpoint Slides
Enrolment Details
12 Feb 2018
(Monday)
Afternoon
Trust or Company Service Providers
(Cantonese)
Narcotics Division
Not Applicable
13 Feb 2018
(Tuesday)
Afternoon
Trust or Company Service Providers
(English)
Narcotics Division
Not Applicable
14 Feb 2018
(Wednesday)
Morning
Trust or Company Service Providers
(Cantonese)
Narcotics Division
Not Applicable
6 Mar 2018
(Tuesday)
Morning
Accountants
(Cantonese)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
6 Mar 2018
(Tuesday)
Afternoon
Accountants
(English)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
29 Mar 2018
(Thursday)
Morning
Estate Agents
(English)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
29 Mar 2018
(Thursday)
Afternoon
Estate Agents
(Cantonese)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
10 Apr 2018
(Tuesday)
Morning
Lawyers
(English)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
13 Jun 2018
(Wednesday)
Morning
Lawyers
(English)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
26 Jul 2018
(Thursday)
Morning
Trust or Company Service Providers
(English)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
20 Aug 2018
(Monday)
Morning
Trust or Company Service Providers
(Cantonese)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
21 Nov 2018
(Wednesday)
Morning
Precious Metal and Stone Dealers
(Cantonese)
Narcotics Division

Joint Financial Intelligence Unit
Not Applicable
17 Dec 2018
(Monday)
Afternoon
Precious Metal and Stone Dealers
(Cantonese)
To be uploaded after the seminar
Seminar Information

Seminar on Preventing the Abuse of Non-Profit Organisations for Terrorist Financing
Date
Session (Language)
Powerpoint Slides
Enrolment Details
28 Sept 2018
(Friday)
Afternoon
Non-Profit Organisations
(Cantonese)
Narcotics Division

Joint Financial Intelligence Unit

Social Welfare Department
Not Applicable

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