Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions)
Ordinance
Part 5—Division 4
A789
Section 49
Ord. No. 15 of 2011
- (d) subject to subsection (4), disclose information to an authority or regulatory organization outside Hong Kong that, in the opinion of the Commissioner—
- (i) performs functions similar to the functions of the Commissioner under this Ordinance or regulates, supervises or investigates banking, insurance or other financial services; and
- (ii) is subject to adequate secrecy provisions; and
- (e) disclose information with the consent of the person from whom the information was obtained or received and, if the information relates to a different person, with the consent also of the person to whom the information relates.
(4) The Commissioner may disclose information under subsection (3)(c) and (d) only if the Commissioner is satisfied that—
- (a) it is desirable or expedient that the information should be disclosed in the interest of licensees or their customers, or in the public interest; or
- (b) the disclosure will enable or assist the recipient of the information to perform the recipient’s functions and it is not contrary to the interest of licensees or their customers, or to the public interest, that the information should be so disclosed.
(5) The Commissioner may, in disclosing any information under subsection (3), impose any condition that the Commissioner considers appropriate.
(6) Without limiting subsection (5), the Commissioner may impose a condition that—
- (a) the person to whom the information is disclosed; and
