The Guideline on Compliance of Anti-Money Laundering and Counter-Terrorist Financing Requirements for Trust or Company Service Providers(“this Guideline”) is issued by the Registrar of Companies (“the Registrar”) under section 7 of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”) to provide guidance to those granted a licence to carry on a trust or company service business in Hong Kong (“TCSP licensees”), for whom the Registrar is the relevant authority (“RA”) under the AMLO.
The purposes of the Guideline are to provide:
(a) a general background on the subjects of money laundering and/or terrorist financing (“ML/TF”); and
(b) practical guidance to assist TCSP licensees and their senior management in devising and implementing policies, procedures and controls in relevant operational areas, taking into onsideration their own circumstances so as tomeet the relevant anti-money laundering and counter-terrorist financing (“AML/CTF”) requirements under Schedule 2 to the AMLO.