Under section 25 of the dtrop and the osco
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 … WebGeneral issues s.25A(1) & (7), 7.1 It is a statutory obligation under sections 25A(1) of the DTROP DTROP & OSCO, and the OSCO, as well as section 12(1) of the UNATMO, that s.12(1) & s.14(5), UNATMO where a person knows or suspects that any property: (a) in whole or in part directly or indirectly represents any person’s proceeds of, (b) was used in connection …
Under section 25 of the dtrop and the osco
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WebThe Hong Kong Institute of Certified Public Accountants 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 …
Web1.7 Suspicious transaction reports 1.7.1 It is a statutory obligation under sections 25A(1) of the DTROP and. the OSCO, as well as section 12(1) of the UNATMO, that where a person knows or suspects that any property: (a) in whole or in part directly or indirectly represents any person’s proceeds of, (b) was used in connection with, or (c) is ... Web(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 …
WebTo print the whole chapter in HTML, please click at the bottom of the TOC panel and then click .Please set the page orientation to “Landscape” for printing of bilingual texts on a … WebAmendments to DTROP and OSCO, which came into effect on 1 September 1995, tightened the money laundering provisions in the two ordinances and introduced requirements in …
Web3 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 …
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: how to change child settings on microsoftWeb62013 Reliance on CDD performed by intermediaries General 620131 Practices may from ACCT ACCT-451 at The Hong Kong University of Science and Technology how to change cherry wood furnitureWebTo print the whole chapter in HTML, please click at the bottom of the TOC panel and then click .Please set the page orientation to “Landscape” for printing of bilingual texts on a single page. how to change child microsoft to adultWeb(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 … michael c rileyWeb17 Sep 2024 · Under section 25A of the OSCO, every person in Hong Kong has an obligation to file reports (“Suspicious Transaction Reports” / “STRs”) with the Joint Financial … michael crinson lawWeb(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 … michael criscuolo wakefernWeb1.1 This Guideline is published under section 7 of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) and section 7(3) of the Banking Ordinance (BO). 1.2 Terms and abbreviations used in this Guideline should be interpreted by reference to the definitions set out in the Glossary part of this Guideline. michael crinson lawyer