Circulars List

United Nations (Anti-Terrorism Measures) Ordinance 28 September 2016

United Nations (Anti-Terrorism Measures) Ordinance, United Nations Sanctions (Democratic People's Republic of Korea) Regulation, United Nations Sanctions (Libya) Regulation 2011, United Nations Sanctions (Libya) Regulation 2011 (Amendment) Regulation 2016, United Nations Sanctions (Central African Republic) Regulation 2016, United Nations Sanctions (Yemen) Regulation 2015 (Amendment) Regulation 2016, United Nations Sanctions (Afghanistan) Regulation 2012, and US President’s Executive Order 13224 (28 September 2016)

Statement issued by the Financial Action Task Force on Money Laundering(26 July 2016)

Statement issued by the Financial Action Task Force on Money Laundering(26 July 2016)

Guideline on Anti-Money Laundering and CounterTerrorist Financing (MSO)-Hong Kong

Guideline on Anti-Money Laundering and CounterTerrorist Financing (MSO)-Hong Kong- March 2015

Disciplinary Action Guidelines as to the Imposition of a Pecuniary Penalty issued by the Commissioner of Customs & Excise under the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615)(8 April 2016)

Disciplinary Action Guidelines as to the Imposition of a Pecuniary Penalty issued by the Commissioner of Customs & Excise under the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615)(8 April 2016)

United Nations (Anti-Terrorism Measures) Ordinance, United Nations Sanctions (Central African Republic) Regulation 2015, United Nations Sanctions (Iran) (Amendment) Regulation 2016, United Nations Sanctions (Somalia) (Amendment) Regulation 2016, and US President's Executive Order 13224 (24 March 2016)

United Nations (Anti-Terrorism Measures) Ordinance, United Nations Sanctions (Central African Republic) Regulation 2015, United Nations Sanctions (Iran) (Amendment) Regulation 2016, United Nations Sanctions (Somalia) (Amendment) Regulation 2016, and US President's Executive Order 13224 (24 March 2016)

Disciplinary Fining Guideline -Hong Kong

Guideline for the Commissioner of Customs & Excise in Exercise of Power to Impose Pecuniary Penalty. Published under section 23(1) in Part 4 of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Chapter 615

Joint Financial intelligence Unit -Hong Kong

Joint Financial intelligence Unit(JFIU) - Publication report -2014

Terrorist List in the Gazette -United Nations (Anti-Terrorism Measures)

United Nations (Anti-Terrorism Measures) Ordinance (Chapter 575) - Updating of specification of names of persons designated as terrorists or terrorist associates by the Committees of the United Nations Security Council established pursuant to the Resolutions 1267(1999) and 1989(2011), as well as the Resolution 1988(2011) (the Committee). Gazette Published on Thursday, 15/09/2016 No. 37 Vol. 20

FATF Public Statement - 24 June 2016

Jurisdiction subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions. Democratic People's Republic of Korea (DPRK) The FATF remains concerned by the DPRK’s failure to address the significant deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) regime and the serious threat this poses to the integrity of the international financial system. The FATF urges the DPRK to immediately and meaningfully address its AML/CFT deficiencies. Further, FATF is concerned about the threat posed by the DPRK’s illicit activities related to the proliferation of weapons of mass destruction (WMDs) and its financing. The FATF reaffirms its 25 February 2011 call on its members and urges all jurisdictions to advise their financial institutions to give special attention to business relationships and transactions with the DPRK, including DPRK companies, financial institutions, and those acting on their behalf. In addition to enhanced scrutiny, the FATF further calls on its members and urges all jurisdictions to apply effective counter-measures, and targeted financial sanctions in accordance with applicable United Nations Security Council Resolutions, to protect their financial sectors from money laundering, financing of terrorism and WMD proliferation financing (ML/FT/PF) risks emanating from the DPRK. Jurisdictions should also protect against correspondent relationships being used to bypass or evade counter-measures and risk mitigation practices, and review the existence of subsidiaries and branches of, and relationships with, DPRK financial institutions in their jurisdiction. Jurisdictions subject to a FATF call on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction Iran The FATF welcomes Iran’s adoption of, and high-level political commitment to, an Action Plan to address its strategic AML/CFT deficiencies, and its decision to seek technical assistance in the implementation of the Action Plan. The FATF therefore has suspended counter-measures for twelve months in order to monitor Iran’s progress in implementing the Action Plan. If the FATF determines that Iran has not demonstrated sufficient progress in implementing the Action Plan at the end of that period, FATF’s call for counter-measures will be reimposed. If Iran meets its commitments under the Action Plan in that time period, the FATF will consider next steps in this regard. Iran will remain on the FATF Public Statement until the full Action Plan has been completed. Until Iran implements the measures required to address the deficiencies identified in the Action Plan, the FATF will remain concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system. The FATF, therefore, calls on its members and urges all jurisdictions to continue to advise their financial institutions to apply enhanced due diligence to business relationships and transactions with natural and legal persons from Iran, consistent with FATF Recommendation 19. The FATF urges Iran to fully address its AML/CFT deficiencies, in particular those related to terrorist financing. The FATF will continue to engage with Iran and closely monitor its progress.

The Explanatory Note on Stored Value Facilities, HKMA- Hong Kong

Explanatory Note on Licensing for Stored Value Facilities Hong Kong Monetary Authority November 2015. The issue of the SVF is subject to a licensing regime administered by the Monetary Authority. The Monetary Authority may grant an SVF licence to the applicant only if the Monetary Authority is satisfied that all the minimum criteria applicable in relation to the applicant are fulfilled, and if the SVF licence is granted, the minimum criteria will continue to be fulfilled in relation to the applicant as a licensee.

The Guideline on Supervision of Stored Value Facility Licensees.,HKMA- Hong Kong.

The Guideline on Supervision of Stored Value Facility Licensees. The issue of the SVF is subject to a licensing regime administered by the Monetary Authority. The Monetary Authority may grant an SVF licence to the applicant only if the Monetary Authority is satisfied that all the minimum criteria applicable in relation to the applicant are fulfilled, and if the SVF licence is granted, the minimum criteria will continue to be fulfilled in relation to the applicant as a licensee.

The Explanatory Note on Designation of Retail Payment Systems

Regulation of Retail Payment Systems (RPS) The Monetary Authority is responsible for designating and overseeing important RPS pursuant to the Payment Systems and Stored Value Facilities Ordinance (PSSVFO). The PSSVFO stipulates criteria and relevant factors based on which the Monetary Authority will determine whether or not an RPS should be designated. The policy objective is to ensure that operations of designated RPS are safe, sound and efficient and would contribute to the financial and payment system stability of Hong Kong.

CODE OF PRACTICE FOR PAYMENT CARD SCHEME OPERATORS, HKMA, Hong Kong

The PSSVFO defines an RPS as a system or arrangement for the transfer, clearing or settlement of payment obligations relating to retail activities whether the activities take place in Hong Kong or elsewhere, principally by individuals, that involve purchases or payments; and includes related instruments and procedures. The term “system or arrangement” intends to provide a broader coverage of the definition; not only will it capture a “system”, such as a computer system, or network, or other physical system infrastructure, but also business arrangements. RPS under this definition includes, but not limited to, electronic fund transfer systems and payment card schemes.

Master Circular on Memorandum of Instructions governing money changing activities, RBI, India.

Master Circular on Memorandum of Instructions governing money changing activities This Master Circular consolidates the existing instructions on the subject of “Memorandum of Instructions governing money changing activities” at one place. The list of underlying circulars/ notifications is set out in Appendix. 2. This Master Circular may be referred to for general guidance. The Authorised Persons may refer to respective circulars / notifications for detailed information, if so needed. 3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.

Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses, RBI, India.

Master Circular on Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses This Master Circular consolidates the existing instructions on the subject of “Memorandum of Instructions for Opening and Maintenance of Rupee/ Foreign Currency Vostro Accounts of Non-resident Exchange Houses” at one place. The list of underlying circulars/ notifications is set out in the Appendix. 2. This Master Circular may be referred to for general guidance. The Authorised Persons may refer to respective circulars / notifications for detailed information, if so needed. 3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated.

Master Circular on Money Transfer Service Scheme, RBI, India.

Master Circular on Money Transfer Service Scheme Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. No outward remittance from India is permissible under MTSS. 2. This Master Circular may be referred to for general guidance. The Authorised Persons may refer to respective circulars / notifications for detailed information, if so needed. 3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicate

Master Circular on Export of Goods and Services, RBI, India

Master Circular on Export of Goods and Services Export of Goods and Services from India is allowed in terms of clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account Transactions) Rules, 2000, as amended from time to time. 2. This Master Circular consolidates the existing instructions on the subject of "Export of Goods and Services from India" at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in Appendix. 3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated. 4. This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category – I banks may refer to respective circulars/ notifications for detailed information, if so needed.

Master Circular on Non-Resident Ordinary Rupee (NRO) Account, RBI, India.

Master Circular on Non-Resident Ordinary Rupee (NRO) Account The acceptance of deposits by an Authorised Dealer /Authorised bank from persons resident outside India is regulated by the provisions of sub-sections (1) and (2) of section 6 of the Foreign Exchange Management Act, 1999 read with FEMA Notification No.5/2000 - RB dated May 3, 2000, as amended from time to time. 2. This Master Circular consolidates the existing instructions on the subject of “Non Resident Ordinary Rupee (NRO) Account” at one place. The list of underlying circulars /notifications consolidated in this Master Circular is furnished in the Appendix. 3. This Master Circular is being updated from time to time as and when fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated. 4. This Master Circular may be referred to for general guidance. The Authorised Dealer Category – I banks and Authorized banks may refer to respective circulars / notifications for detailed information, if so needed.

Master Circular on Establishment of Liaison / Branch / Project Offices in India by Foreign Entities, RBI, India.

Master Circular on Establishment of Liaison / Branch / Project Offices in India by Foreign Entities Establishment of Branch/Liaison/Project Offices in India is regulated in terms of Section 6(6) of Foreign Exchange Management Act, 1999 read with Notification No. FEMA 22/2000-RB dated May 3, 2000 as amended from time to time. 2. This Master Circular consolidates the existing instructions on the subject of “Establishment of Branch/Liaison/Project Offices in India by Foreign Entities" at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in the Appendix. 3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated. 4. This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category – I banks may refer to respective circulars/ notifications for detailed information, if so needed

Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals, RBI, India.

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MC80A0EED5BEE99B4395BB7D9E0FEF2702F7.PDF

Master Circular on Miscellaneous Remittances from India – Facilities for Residents, RBI, India

Master Circular on Miscellaneous Remittances from India – Facilities for Residents Miscellaneous remittance facilities for residents are allowed in terms of section 5 of the Foreign Exchange Management Act, 1999, read with Government of India Notification No. G.S.R 381(E) dated May 3, 2000, as amended from time to time. 2. This Master Circular consolidates the existing instructions on the subject of "Miscellaneous Remittances from India - Facilities for Residents" at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in Appendix-1. 3. This Master Circular is being updated from time to time as and when the fresh instructions are issued. The date up to which the Master Circular has been updated is suitably indicated. 4. This Master Circular may be referred to for general guidance. The Authorised Persons and the Authorised Dealer Category – I banks may refer to respective circulars/ notifications for detailed information, if so needed.

Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India

Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing policy guidelines on Issuance and Operation of Pre-paid Payment Instruments in India. This Master Circular has been prepared to facilitate the Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers to have all the extant instructions on the subject at one place. 2. The Master Circular has been updated by incorporating all the instructions/guidelines issued on Issuance and Operation of Pre-paid Payment Instruments in India up to July 09, 2015 and has been placed on the RBI web-site (http://www.rbi.org.in). A list of circulars finding reference in this master circular is enclosed as Appendix.

Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks, RBI, India

Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing guidelines on Mobile Banking. This Master Circular has been prepared to facilitate the banks and other stakeholders to have all the extant instructions on the subject at one place. 2. The Master Circular has been updated by incorporating all the instructions/guidelines issued on Mobile Banking up to December 17, 2015 and has been placed on the RBI web-site (http://www.rbi.org.in). A list of circulars finding reference in this master circular is enclosed as Appendix.

Moneychanger's Ownership Structure as 31/03/2014 , UAE.

Moneychanger's Ownership Structure as 31/03/2014 , UAE.

List of Monychangers in the U.A.E.- 30/9/2014

List of Monychangers in the U.A.E.- 30/9/2014

MONEY-CHANGING AND REMITTANCE BUSINESSES ACT, Monetary Authority of Singapore.

MONEY-CHANGING AND REMITTANCE BUSINESSES ACT (CHAPTER 187) (Original Enactment: Act 20 of 1979) REVISED EDITION 2008 (1st January 2008) An Act for the licensing of persons who carry on money-changing business and companies which carry on remittance business and for matters connected therewith.

The Electronic Money Regulations 2011 , FCA, UK

E-money is electronically (and/or magnetically) stored monetary value that is issued on payment of funds for transacting payments with someone other than the issuer. Examples include pre-paid cards and electronic pre-paid accounts for use online, such as an e-voucher. Electronic money institutions (EMIs) must operate under certain conduct of business requirements, reporting and notification requirements, and online security requirements. In particular these firms must: be registered or authorised with the FCA, unless they are exempt from the Electronic Money Regulations 2011 (EMRs)

Payment Services Regulations 2009, FCA, UK

Provide payment services (includes: money remitters, non-bank credit card issuers, and non-bank merchant acquirersmust be authorised or registered,



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