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Anti-Money Laundering and Counter-Terrorist Financing Ordinance ("AMLO") (Cap. 615)


Important Note:
Frequently Asked Questions ("FAQs") in relation to Anti-Money Laundering and Counter-Terrorist Financing ("AML/CFT") below do not form part of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing issued by the Insurance Authority ("Guideline"). The FAQs are designed to be read in conjunction with the Guideline, and the key terms and abbreviations used have the same meanings as in the Guideline.

Q1 to Q2:
AML/CFT Systems
Q3 to Q5:
Identification and verification of identity – natural persons
Q6 to Q10:
Identification and verification of identity – legal persons
Q11 to Q13:
Identification and verification of identity – trusts or other similar legal arrangements
Q14 to Q17:
Reliability of documents, data or information
Q18:
Connected parties
Q19 to Q21:
Beneficial owners
Q22 to Q24:
Ownership and control structure
Q25 to Q27:
Person purporting to act on behalf of the customer (PPTA)
Q28 to Q29:
Simplified due diligence
Q30 to Q31:
Enhanced due diligence
Q32 to Q34:
Politically exposed persons
Q35:
Intermediaries
Q36:
Transaction monitoring
Q37:
Record-keeping