The Webinar on “Anti-Money Laundering and Anti-Terrorist Financing” was held with success on 22 April 2021.
Presentation material is now available:
- Ms Katherine Liu, Mr Conrad Lam & Mr James Wong - Anti-Money Laundering and Anti-Terrorist Financing
Screenshots from the session:
Ms Katherine Liu, Partner of Stephenson Harwood explained the legal concept of money laundering and the issues that NGOs should be aware of when raising funds through crowdfunding.
|Mr Conrad Lam, Associate of Stephenson Harwood, highlighted the relevant local ordinances so that the NGOs can better understand the potential legal risks of being accused of money laundering and terrorist financing. He also reminded NGOs to submit suspicious transactions report to the authority as required.|
|Mr James Wong, Associate of Stephenson Harwood, shared what NGOs should do to know their donors, partners and beneficiaries when accepting donations and deploying resources.|
For further information about this topic, please visit the websites below:
1. Commerce and Economic Development Bureau: United Nations Security Council Sanction Lists
2. Security Bureau: Updating of specification of names of persons designated as terrorists or terrorist associates by Committees of the United Nations Security Council