Page:Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615).pdf/128

Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance Schedule 2 Part 2—Division 2 13. Special requirements for remittance transactions

(1) This section applies to a remittance transaction, other than a wire transfer, involving an amount equal to or above $8,000 or an equivalent amount in any other currency, that is carried out by a licensed money service operator.

(2) Before carrying out a remittance transaction, a licensed money service operator must—
 * (a) identify the originator;
 * (b) verify the identity of the originator by reference to the originator’s identification document; and
 * (c) record—
 * (i) the originator’s name;
 * (ii) the originator’s identification document number and, if the originator’s identification document is a travel document, the place of issue of the travel document;
 * (iii) the originator’s address;
 * (iv) the currency and amount involved; and
 * (v) the date and time of receipt of the instructions, the recipient’s name and address and the method of delivery.

(3) In this section—

originator (匯款人), in relation to a remittance transaction carried out by a licensed money service operator, means—
 * (a) the person from whose account with the licensed money service operator the money for the remittance is paid; or
 * (b) in the absence of such an account, the person who instructs the licensed money service operator to carry out the remittance transaction;