Welcome to the Joint Financial Intelligence Unit (JFIU) web site. The web site has been designed to give people in Hong Kong, especially those in the financial services industry and the Designated Non-Financial Businesses and Professions(DNFBP) including lawyers, accountants, estate agents, trust and company service providers, and precious metal and stone dealers, a greater understanding of the laws on money laundering and terrorist financing, and the need to make reports about suspicious financial transactions.
We hope that any questions which you may have can be answered in the following pages. However, if you need any further information, please feel free to contact JFIU staff. Details of how to contact us can be found in the section Contact Us.
As a major financial center, it is very important that Hong Kong maintains an effective anti-money laundering and counter-terrorist financing regime to safeguard the integrity and stability of our financial system. Money laundering and terrorist financing can have devastating consequences and if we do not put in place proper countermeasures in accordance with international standards, the risk of criminals using Hong Kong for their illicit funds and illegal activities increases. Hong Kong must guard against such a situation that would adversely affect all our livelihoods.
Anti-money laundering and counter-terrorist financing is everyone’s responsibility. When you come across any property, which you know or suspect to be drug or crime proceeds or terrorist property, you should make a suspicious transaction report (STR) to the Joint Financial Intelligence Unit (JFIU). However, some sectors will have a greater risk of coming across crime proceeds or terrorist property than others, e.g. practitioners in our financial markets, remittance agents, money changers, money lenders, estate agents, trust and company service providers, jewelers, accountants, lawyers, etc.
Taking an indifferent attitude or turning a blind eye to a transaction you know or have reasonable grounds to believe that crime proceeds/terrorist funds are involved may result in your conviction for the above offenses.
Failing to report knowledge or suspicion of crime proceeds or terrorist property is a criminal offense. If you go on to deal with such property knowing or having reasonable grounds to believe that the property is crime proceeds, then you may have committed the offense of money laundering.