20 March 2008

Dear Sir/Madam,

United Nations (Anti-Terrorism Measures) Ordinance, United Nations Sanctions (Liberia) Regulation 2008 and List of Names for Suspicious Account Reporting

I am writing to inform you of the following developments:

(i)     United Nations (Anti-Terrorism Measures) Ordinance

An updated list of terrorists and terrorist associates designated by the United Nations Security Council Committee (Committee) has been specified under the United Nations (Anti-Terrorism Measures) Ordinance.  The gazette notice (G.N. 1757), published today, can be accessed on the Government’s website.  The changes, compared with the last gazettal on 22 February 2008, are summarised in Annex 1 and the relevant press releases issued by the Committee are attached at Annex 2.  A copy of the list in MS Word format is enclosed to assist authorized institutions in updating their electronic database.

(ii)    United Nations Sanctions (Liberia) Regulation 2008

The United Nations Sanctions (Liberia) Regulation 2008 made by the Chief Executive under the United Nations Sanctions Ordinance (Cap. 537) was gazetted on 14 March 2008.  It replaces the United Nations Sanctions (Liberia)  Regulation 2005 and provides for the further implementation of the sanctions imposed by the United Nations Security Council in Resolution 1792 (2007).  A list of persons and entities were specified by the Chief Executive today as relevant persons and entities under section 31 of this Regulation.

The Regulation and the list of relevant persons and entities have been published in the Gazette (L.N. 57 of 2008 and G.N.1759) and are available on the Government's website.

(iii)   List of names for suspicious account reporting

The US Government has recently added a number of individuals and entities to the list issued under US Executive Order 13224.  The relevant information can be found on the website of the US Treasury under the headings of "Names of individuals designated on 02-28-08", "Name of individual designated on 03-11-08", "Name of entity designated on 03-11-08" and "Name of entity designated on 03-19-08"
(http://www.ustreas.gov/offices/enforcement/ofac/programs/terror/terror.pdf).

You are reminded to check your records and report any transactions or relationships your institution has or has had with the named persons or entities to the Joint Financial Intelligence Unit and the HKMA.  You are also recommended to browse the US Treasury website regularly for the latest information.

Yours faithfully,

Y. K. Choi
Deputy Chief Executive