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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 Q12:
Identification and verification of identity – trusts or other similar legal arrangements
Q13 to Q16:
Reliability of documents, data or information
Q17:
Connected parties
Q18 to Q20:
Beneficial owners
Q21 to Q23:
Ownership and control structure
Q24 to Q26:
Person purporting to act on behalf of the customer (PPTA)
Q27 to Q28:
Simplified due diligence
Q29 to Q30:
Enhanced due diligence
Q31 to Q33:
Politically exposed persons
Q34:
Intermediaries
Q35:
Transaction monitoring
Q36:
Record-keeping