Page:Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance (Cap. 629).pdf/5

Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance Part 1 Section 1 HONG KONG SPECIAL ADMINISTRATIVE REGION

Rh An Ordinance to establish a declaration and disclosure system to detect the cross-boundary movement of a large quantity of physical currency and bearer negotiable instruments into or out of Hong Kong; to provide for the powers to restrain the movement of physical currency and bearer negotiable instruments suspected to be related to money laundering and terrorist financing; and to provide for related matters. [] Enacted by the Legislative Council. Part 1 Preliminary 1. Short title and commencement

(1) This Ordinance may be cited as the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance.

(2) This Ordinance comes into operation on a day to be appointed by the Secretary for Security by notice published in the Gazette.