Under section 25 of the dtrop and the osco

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August undefined, 2024

Web(a) Section 25A of the Drug Trafficking (Recovery of Proceeds) Ordinance (Cap.405) (“DTROP”) (b) Section 25A of the Organised and Serious Crimes Ordinance (Cap.455) (“OSCO”) (c) Section 12 of the United Nations (Anti-Terrorism) Measures Ordinance … Webcommence. Section 25A imposes a statutory duty upon a person to report his knowledge or suspicion that property is connected to an indictable offence [OSCO] or drug trafficking [DTROP], and reads: (1) Where a person knows or suspects that any property - (a) in whole or in part directly or indirectly represents any person’s proceeds of;

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Webconsider restricting or terminating its business relationship with the institution from which it receives the transfer instruction or take reasonable measures to WebHome; Documents; Guideline on Anti-Money Laundering and Counter- … · 1 Chapter 1 – OVERVIEW Introduction 1.1... mapfre direccion oficina principal

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Web26 Jul 2024 · February 2024. Guidelines onAnti-Money Launderingand Counter-TerroristFinancing forProfessional Accountants(These guidelines form part of thecode of ethics) WebThe Hong Kong Institute of Certified Public Accountants Web11 However, in certain cases, e.g. when the account is domiciled in Hong Kong, reporting to the JFIU 6 may be required in such circumstances, but only if section 25A of OSCO/DTROP applies. 6 Section 25(4) of the OSCO stipulates that an indictable offence includes conduct outside Hong Kong which would constitute an indictable offence if it had ... mapfre datos personales

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Guideline on Anti-Money Laundering and Counter- Terrorist …

Web21 Jul 2016 · G.N. 4720 Guideline on Anti-Money Laundering and Counter- Terrorist Financing (For authorized insurers, reinsurers, appointed insurance agents and authorized insurance brokers… Web1 Mar 2015 · The offence is s. 25 (1) of the Organized and Serious Crimes Ordinance (Cap. 455). The punishments are tough; for example, up to seven years imprisonment in the … mapfre durango telefonoWeb3 Jul 2024 · Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators) Consultation Document. September 2011. CONTENTS Page Chapter 1 Overview .....1 Chapter 2 AML/CFT systems and business conducted outside Hong Kong .....6 Chapter 3 Risk-based approach..... 11 Chapter 4 Customer due diligence ..... 14 … mapfre dividendo investing

"Web25 Feb 2024 · Section 25 (1) of the Organized and Serious Crimes Ordinance, Cap 455 (“OSCO”) provides that a person commits an offence if he deals with any property … " - Under section 25 of the dtrop and the osco

Under section 25 of the dtrop and the osco

Investigations and Criminal Offences Relating to AML and CTF

Web(b) obtaining approval from the AI’s senior management. 12.4 The extent of additional measures as set out in paragraph 12.3 will depend on the nature and WebPursuant to section 25A (1) of the Organized and Serious Crimes Ordinance (“OSCO”) Cap. 455 and the Drug Trafficking (Recovery of Proceeds) Ordinance (“DTROP”) Cap. 405, as …

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Websection 25A(3) OSCO A disclosure made under s.25A(1) - (a)shall not be treated as a breach of any restriction upon the disclosure of information imposed by contract or by any … Web(b) taking supplementary measures to verify information relating to the customer that has been obtained by the SVF licensee; or (c) ensuring that the first payment made into

WebUnder section 25A of DTROP/ OSCO and section 12 of UNATMO, an employee who discloses knowledge or suspicion to an appropriate person, in accordance with … Web3.5 Section 25(1) of DTROP and OSCO creates the offence of dealing with any property, knowing or having reasonable grounds to believe it in whole or in part directly or …

Web62013 Reliance on CDD performed by intermediaries General 620131 Practices may from ACCT ACCT-451 at The Hong Kong University of Science and Technology WebDTROP 18. The DTROP contains provisions for the investigation of assets that are suspected to be derived from drug trafficking activities, the freezing of assets on arrest and the confiscation of the proceeds from drug trafficking activities upon conviction. OSCO 19. The OSCO, among other things:

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WebThe Hong Kong Institute of Certified Public Accountants mapfre duraznoWebSection 25 of this Ordinance makes it an offence for any person to deal in property (whether it be cash, real estate, shares or whatever) where he/she has reasonable grounds to … cross barrel nuthttp://hk-lawyer.org/content/aml-update-section-25-osco-dealing-proceeds-crime-and-alternative-state-mind mapfre ecografiasWebSchedule 1 to OSCO when section 25 of DTROP and section 25 of OSCO were introduced in 1995. The proposed amendments seek to include the offence in the existing section 25 of … mapfre economicsWeb21 Jan 2024 · Sections 25 and 25A OSCO. Money-laundering and the offence of dealing with the proceeds of an indictable offence under section 25 happens when someone knows or … crossbay animal clinicWebUnder section 25 of the Drug Trafficking (Recovery of Proceeds) Ordinance (Cap.405) (“DTROP”) and the Organized and Serious Crimes Ordinance (Cap.455) (“OSCO”), it is an … mapfre editalWeb(b) it is an offence under section 25 of the Drug Trafficking (Recovery of Proceeds) Ordinance (Cap.405) (DTROP) and the Organized and Serious Crimes Ordinance … cross base for cantilever umbrella