5 September 2002
To: Chief Executive of all authorized insurance institutions
Dear Sir/Madam,
I write to draw your attention to the United Nations (Anti-Terrorism Measures) Ordinance which was published in the Gazette on 19 July 2002 (Ordinance Number 27 of 2002). Certain provisions of the Ordinance, for which no subsidiary legislation need to be made or no further legislative amendment is envisaged, came into effect upon the publication of the Commencement Notice (Legal Notice 137 of 2002) on 23 August 2002. A copy of the Ordinance and the Commencement Notice is at Annex I and Annex II respectively. Soft copy of the Notice and the Ordinance is also available on the Government website (www.info.gov.hk/pd/content/index.htm).
The Ordinance seeks to implement the mandatory elements of the United Nations Security Council Resolution (UNSCR) 1373 which was aimed at combating international terrorism on various fronts. In addition, the Ordinance implements the most pressing elements of the Special Recommendations on Terrorist Financing issued by the Financial Action Task Force in October 2001.
Your particular attention is drawn to sections 7, 12 and 14 which make it a criminal offence to finance terrorists and require the reporting of terrorist financing to the relevant authorities. You are advised to take appropriate steps to ensure compliance with the Ordinance.
We will keep you posted of the commencement of the remaining provisions of the Ordinance and any specification by the Chief Executive of persons and property as terrorists, terrorist associates or terrorist property under section 4 of the Ordinance.
If you have any questions, please contact Mr. William Hsieh at 2867 4529 or Ms. Carol Hui at 2867 2551.
Yours sincerely,
(Benjamin Tang)
Commissioner of Insurance
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