Prevention of Money Launderingand Terrorist Financing课件.pptVIP

Prevention of Money Launderingand Terrorist Financing 22 June 2005 Outline of our Legal Seminar What is Money Laundering and Terrorist Financing The Legislation on money laundering in Hong Kong Basic policies to combat money laundering and terrorist financing The general trend and development in anti-money laundering in other jurisdictions (Break Time) Guidelines for banking practice Practices in other trades and industries Case studies Summary Conclusion Questions and Answers Session What is Money Laundering? ‘Money Laundering’ covers all procedures which change the identity of illegally obtained money so that it appears to have originated from a legitimate source. 3 Stages of Money Laundering Placement ( 使用 ) – physical disposal of dirty cash Layering ( 分層 ) – series of transfers of funds to disguise the origin Integration ( 混合 ) – use layered funds to purchase clean legitimate assets What is Terrorist Financing? ‘Terrorist Financing’ refers to the carrying out of transactions involving funds or property that are owned or controlled by terrorists or transactions that are linked to terrorist activities The legislation on Money Laundering and Terrorist Financing in Hong Kong Drug Trafficking (Recovery of Proceeds) Ordinance (“DTROP”) (Cap. 405) 第405章販毒(追討得益)條例 Organized and Serious Crimes Ordinance (“OSCO”) (Cap. 455) 第455章有組織及嚴重罪行條例 United Nations (Anti-Terrorism Measures) Ordinance (“UNATMO”) (Cap. 575) 第575章 聯合國(反恐怖主義措施)條例 United Nations Sanctions (Afghanistan) Regulation under the United Nations Sanctions Ordinance (“UNSO”) (Cap. 537) 第537章 聯合國制裁條例 Drug Trafficking (Recovery of Proceeds) Ordinance (“DTROP”) (Cap. 405)第405章販毒(追討得益)條例 Provisions for investigating suspected assets, freezing assets on arrest and confiscation of proceeds from drug trafficking Drug Trafficking (Recovery of Proceeds) Ordinance (“DTROP”) (Cap. 405)第405章販毒(追討得益)條例 S.25 specifies a criminal offence if a person commits an offence if he “deals with” p