Page:Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615).pdf/120

Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance

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Division 2
Special Requirements

8. Requirements in this Division are additional to those in sections 3 and 5 of this Schedule

In addition to complying with the requirements under sections 3 and 5 of this Schedule, a financial institution must also comply with the requirements under this Division.

9. Special requirements when customer is not physically present for identification purposes

If a customer has not been physically present for identification purposes, a financial institution must carry out at least one of the following measures—

(a) further verifying the customer’s identity on the basis of documents, data or information referred to in section 2(1)(a) of this Schedule but not previously used for the purposes of verification of the customer’s identity under that section;

(b) taking supplementary measures to verify all the information provided by the customer;

(c) ensuring that the payment or, if there is more than one payment, the first payment made in relation to the customer’s account is carried out through an account opened in the customer’s name with—

(i) an authorized institution; or

(ii) an institution that—

(A) is incorporated or established in an equivalent jurisdiction;

(B) carries on a business similar to that carried on by an authorized institution;