Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
Schedule 2
A859
Part 1
Ord. No. 15 of 2011
- (A) is entitled to or controls, directly or indirectly, not less than a 10% share of the capital or profits of the partnership;
- (B) is, directly or indirectly, entitled to exercise or control the exercise of not less than 10% of the voting rights in the partnership; or
- (C) exercises ultimate control over the management of the partnership; or
- (ii) if the partnership is acting on behalf of another person, means the other person;
- (c) in relation to a trust, means—
- (i) an individual who is entitled to a vested interest in not less than 10% of the capital of the trust property, whether the interest is in possession or in remainder or reversion and whether it is defeasible or not;
- (ii) the settlor of the trust;
- (iii) a protector or enforcer of the trust; or
- (iv) an individual who has ultimate control over the trust; and
- (d) in relation to a person not falling within paragraph (a), (b) or (c)—
- (i) means an individual who ultimately owns or controls the person; or
- (ii) if the person is acting on behalf of another person, means the other person;
business relationship (業務關係), as between a person and a financial institution, means a business, professional or commercial relationship—
- (a) that has an element of duration; or
