Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
Schedule 2
A879
Part 2—Division 1
Ord. No. 15 of 2011
- (B) has measures in place to ensure compliance with requirements similar to those imposed under this Schedule; and
- (C) is supervised for compliance with those requirements; or
- (iii) an institution that—
- (A) is incorporated or established in an equivalent jurisdiction;
- (B) has measures in place to ensure compliance with requirements similar to those imposed under this Schedule; and
- (C) is supervised for compliance with those requirements;
- (e) the Government or any public body in Hong Kong; or
- (f) the government of an equivalent jurisdiction or a body in an equivalent jurisdiction that performs functions similar to those of a public body.
(4) In any of the circumstances set out in section 3(1)(a), (b) and (c) of this Schedule, a financial institution may, instead of carrying out all the customer due diligence measures, carry out only the measures set out in section 2(1)(a), (c) and (d) of this Schedule in relation to a customer if it has reasonable grounds to believe that the product related to the transaction falls within subsection (5).
(5) The product is—
- (a) a provident, pension, retirement or superannuation scheme (however described) that provides retirement benefits to employees, where contributions to the scheme are made by way of deduction from income from employment and the scheme rules do not permit the assignment of a member’s interest under the scheme;
