Page:Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap. 615).pdf/110

Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance

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(iii) an authority in a place outside Hong Kong that performs functions similar to those of the relevant authority or any other relevant authority; or

(iv) any other reliable and independent source that is recognized by the relevant authority;

(b) if there is a beneficial owner in relation to the customer, identifying the beneficial owner and, subject to subsection (2), taking reasonable measures to verify the beneficial owner’s identity so that the financial institution is satisfied that it knows who the beneficial owner is, including, where the customer is a legal person or trust, measures to enable the financial institution to understand the ownership and control structure of the legal person or trust;

(c) if a business relationship is to be established, obtaining information on the purpose and intended nature of the business relationship with the financial institution, unless the purpose and intended nature are obvious; and

(d) if a person purports to act on behalf of the customer—

(i) identifying the person and taking reasonable measures to verify the person’s identity on the basis of documents, data or information provided by—

(A) a governmental body;

(B) the relevant authority or any other relevant authority;

(C) an authority in a place outside Hong Kong that performs functions similar to those of the relevant authority or any other relevant authority; or