Regulatory Alerts2018-07-13
Added · Updated
United Nations Sanctions (Democratic People’s Republic of Korea) Regulation: Publication of Designated Lists
The Hong Kong Monetary Authority informed authorized institutions that the Commerce and Economic Development Bureau will now publish updated lists of designated individuals and entities under the United Nations Sanctions (Democratic People’s Republic of Korea) Regulation on its website instead of issuing Gazette Notices. This administrative change, effective from 22 June 2018, aims to reduce the time required to promulgate updates to sanctions lists. Authorized institutions are reminded of their obligation to screen all new designations against their client lists as soon as practicable and to refer to the CEDB website for the most current information.