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

30 March 2012

The Chief Executive
All authorized institutions

Dear Sir/Madam,

United Nations Sanctions (Democratic Republic of the Congo) Regulation 2012

I am writing to inform you that the Chief Executive-in-Council has approved the United Nations Sanctions (Democratic Republic of the Congo) Regulation 2012 under the United Nations Sanctions Ordinance (Cap. 537). The Regulation was published in the Government Gazette (L.N. 51 of 2012) today and is available on the government’s website (http://www.gld.gov.hk/egazette/).

The Regulation implements sanctions against Democratic Republic of the Congo imposed by the United Nations Security Council under Resolution 2021. We would like to draw AIs’ attention to section 5 of the Regulation which prohibits making available funds or other financial assets or economic resources to certain persons or entities, or dealing with funds or other financial assets or economic resources belonging to such persons or entities, except with a licence.

Yours faithfully,

Sunny Yung
Acting Executive Director (Banking Supervision)