Cross-boundary Movement of Physical Currency and Bearer Negotiable
Instruments Ordinance
HONG KONG SPECIAL ADMINISTRATIVE REGION
Ordinance No. 7 of 2017
L.S. |
C. Y. LEUNG
Chief Executive
22 June 2017
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.
