Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
(5) Subject to subsections (6) and (7), a financial institution that is an ordering institution must include in the message or payment form accompanying the wire transfer the information recorded under subsection (3) in relation to the transfer.
(6) A financial institution may, in relation to a domestic wire transfer, include in the message or payment form accompanying the transfer only the information recorded under subsection (3)(b) in relation to the transfer but if it does so, it must, on the request of the financial institution to which it passes on the transfer instruction or the relevant authority, provide to that financial institution or the relevant authority the information recorded under subsection (3)(a) and (c) in relation to the transfer within 3 business days after it receives the request.
(7) If more than one individual wire transfer from a single originator is bundled in a batch file for transmission to a recipient or recipients in a place outside Hong Kong, a financial institution is not required to comply with subsection (5) in relation to each of the wire transfers if—
- (a) the information recorded under subsection (3)(b) is included in the message or payment form accompanying each transfer; and
- (b) the batch file contains the information recorded under subsection (3).
(8) If a financial institution acts as an intermediary institution in a wire transfer, it must transmit all of the information that it receives with the transfer to the institution to which it passes on the transfer instruction.
(9) Where a financial institution is a beneficiary institution in a domestic wire transfer—
- (a) if the wire transfer is not accompanied by the information required under subsection (3)(b), it must as soon as reasonably practicable—
