Rule · HKMA · 29 May 2012

Section 311 of the USA PATRIOT Act

Applies to: All regulated firms

All authorized institutions are informed that the US Department of Treasury has designated JSC CredexBank, a Belarus-based bank, as a financial institution of primary money laundering concern. This action, taken pursuant to Section 311 of the USA PATRIOT Act, adds to a list of other previously designated institutions and jurisdictions.

Hong KongHong Kong Monetary Authority

HONG KONG MONETARY AUTHORITY 香港金融管理局

Our Ref.: B10/1C
B1/15C

29 May 2012

The Chief Executive
All authorized institutions

Dear Sir/Madam,

Section 311 of the USA PATRIOT Act

I am writing to inform you that, the US Department of Treasury, pursuant to Section 311 of the USA PATRIOT Act, has recently designated JSC CredexBank, a Belarus-based bank, as a financial institution of primary money laundering concern, in addition to a number of institutions/jurisdictions previously designated for the purpose. The relevant press release can be found on the Treasury’s website (http://www.treasury.gov/press-center/press-releases).

Yours faithfully,

Nelson Man
Executive Director (Banking Supervision)

香港中環金融街8號國際金融中心2期55樓網址: www.hkma.gov.hk

55th Floor, Two International Finance Centre, 8 Finance Street, Central, Hong Kong Website: www.hkma.gov.hk

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