Compliance with Ordinance Cap.615

Financial institutions are not tools for money laundering or terrorist financing!  In order to protect Hong Kong’s international financial center status, the Anti‐Money Laundering and Counter‐Terrorist Financing (Financial Institutions) Ordinance, Chapter 615, has become effective.  According to the Ordinance, all financial institutions must verify customer’s identity and keep records when opening account for new customers, or carrying out transactions exceeding the legal thresholds for non-account customers (transfer over HK$8,000 or cash transaction over HK$120,000).

No transaction should be carried out unless relevant documents are obtained from the customers.  In order to protect Hong Kong’s international financial center status, please support the new regulations.