Page:Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615).pdf/128

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

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13. Special requirements for remittance transactions

(1) This section applies to a remittance transaction, other than a wire transfer, involving an amount equal to or above $8,000 or an equivalent amount in any other currency, that is carried out by a licensed money service operator.

(2) Before carrying out a remittance transaction, a licensed money service operator must—

(a) identify the originator;

(b) verify the identity of the originator by reference to the originator’s identification document; and

(c) record—

(i) the originator’s name;

(ii) the originator’s identification document number and, if the originator’s identification document is a travel document, the place of issue of the travel document;

(iii) the originator’s address;

(iv) the currency and amount involved; and

(v) the date and time of receipt of the instructions, the recipient’s name and address and the method of delivery.

(3) In this section—

originator (匯款人), in relation to a remittance transaction carried out by a licensed money service operator, means—

(a) the person from whose account with the licensed money service operator the money for the remittance is paid; or

(b) in the absence of such an account, the person who instructs the licensed money service operator to carry out the remittance transaction;