Hong Kong Money Service Operators Association

https://www.msoa.hk/index.php/industrynews/details/en/1823
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Keywords

Money Changer, Money Exchange, Foreign Exchange, Currency Exchange, Remittance, Money Service Operator, MSO, Exchange Rate, T/T, TT, Telegraphic Transfer, AML, Money Laundering, Terrorist Financing, Customer Due Diligence, RMB, CNY, CNH, United Nations Sanctions Ordinance, Credit Union

2026-08-21 08:32:52 · ggallwey@vixio.com
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TITLE: Hong Kong Money Service Operators Association Publishes United Nations Sanctions Regulation Update BODY: On August 19, 2026, the Hong Kong Money Service Operators Association (HKMSOA) published information regarding the United Nations Sanctions (ISIL and Al-Qaida) Regulation under the United Nations (Anti-Terrorism Measures) Ordinance. The update addresses regulatory requirements related to United Nations sanctions targeting ISIL (Islamic State of Iraq and the Levant) and Al-Qaida designations. The regulation establishes obligations for entities subject to Hong Kong's anti-terrorism financing framework, including money service operators, to comply with UN-mandated sanctions measures. Money service operators must ensure their compliance systems identify and prevent transactions involving designated individuals and entities listed under ISIL and Al-Qaida sanctions regimes. The HKMSOA, as the industry association representing money service operators in Hong Kong, disseminates this information to support members' understanding of their regulatory obligations under the ordinance. The update is applicable to all money service operators conducting business in Hong Kong that fall within the scope of the United Nations (Anti-Terrorism Measures) Ordinance. Compliance with UN sanctions designations is a critical component of counter-terrorism financing (CTF) obligations, and operators must maintain current knowledge of designated persons and entities to avoid facilitating transactions that breach these international sanctions measures. Money service operators should review their compliance procedures to ensure alignment with the requirements outlined in the United Nations Sanctions (ISIL and Al-Qaida) Regulation and maintain updated sanctions screening systems accordingly.
  • ✓ Scraped:2026-08-21 08:32:52
  • ✓ Created:2026-08-21 08:32:52
  • ✓ By:ggallwey@vixio.com (58)