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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 Q16:
Recognized digital identification system 
Q17 to Q20:
Reliability of documents, data or information
Q21:
Connected parties
Q22 to Q24:
Beneficial owners
Q25 to Q27:
Ownership and control structure
Q28 to Q30:
Person purporting to act on behalf of the customer (PPTA)
Q31 to Q32:
Simplified due diligence
Q33 to Q34:
Enhanced due diligence
Q35 to Q36:
Politically exposed persons
Q37 to Q38:
Customer not physically present for identification purposes
Q39:
Intermediaries
Q40 to Q41:
Transaction monitoring
Q42:
Record-keeping