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Circular to Licensed Corporations and Associated Entities – Anti-Money Laundering / Counter-Financing of Terrorism  United Nations Sanctions (Somalia) Regulation 2019

An updated list of “individuals and entities” subject to section 29 of the United Nations Sanctions (Somalia) Regulation 2019 (Cap. 537CG) was recently published on the Commerce and Economic Development Bureau’s website on May 31, 2023. The list can be found in Attachment 2, while Attachment 1 contains a press release from the United Nations Security Council detailing the updates made since the previous list. Licensed corporations and associated entities must take appropriate measures to comply with the regulations made under the United Nations Sanctions Ordinance (Cap. 537). The Securities and Futures Commission expects licensed corporations and associated entities to promptly screen all new designations against their client lists. They should also report any transactions or relationships they have had with designated individuals or entities to the Joint Financial Intelligence Unit.

Security Council 751 Sanctions Committee Adds One Entry to Its Sanctions List: https://apps.sfc.hk/edistributionWeb/api/circular/openAppendix?lang=EN&refNo=23EC25&appendix=0 

List of individuals and entities published under section 29 of the United Nations Sanctions (Somalia) Regulation 2019 (Cap. 537CG): https://apps.sfc.hk/edistributionWeb/api/circular/openAppendix?lang=EN&refNo=23EC25&appendix=1 

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/aml/doc?refNo=23EC25


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