Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
Schedule 2
A901
Part 2—Division 2
Ord. No. 15 of 2011
- (i) obtain the information from the institution from which it receives the transfer instruction; and
- (ii) if the information cannot be obtained, either—
- (A) consider restricting or terminating its business relationship with the institution referred to in subparagraph (i); or
- (B) take reasonable measures to mitigate the risk of money laundering or terrorist financing involved; or
- (b) if the financial institution is aware that the accompanying information that purports to be the information required under subsection (3)(b) is incomplete or meaningless, it must as soon as reasonably practicable take reasonable measures to mitigate the risk of money laundering or terrorist financing involved.
(10) Where a financial institution is a beneficiary institution in a wire transfer that is not a domestic wire transfer—
- (a) if the wire transfer is not accompanied by all of the information required under subsection (3), it must as soon as reasonably practicable—
- (i) obtain the missing information from the institution from which it receives the transfer instruction; and
- (ii) if the missing information cannot be obtained, either—
- (A) consider restricting or terminating its business relationship with the institution referred to in subparagraph (i); or
- (B) take reasonable measures to mitigate the risk of money laundering or terrorist financing involved; or
