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Compliance and Regulatory Assurance

Rest assured that when you choose Mastery Trust Limited, you're choosing a partner dedicated to upholding the highest compliance standards. Your peace of mind is our priority, and we are committed to providing you with exceptional service that adheres to all legal and regulatory mandates.

In accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Chapter 615 under the Laws of Hong Kong, Mastery Trust Limited is bound to adhere to the Customer Due Diligence procedures mandated in the AML Guideline issued by the Companies Registry of Hong Kong. We conduct thorough Customer Due Diligence and Know-Your-Customer processes internally, and we retain comprehensive records of all customer interactions as per regulatory obligations.

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Under Schedule 2 to the AMLO, Mastery Trust Limited, as a licensed TCSP company, ensures:

  • Transparency and completeness of funds movement audit trail in transactions

  • Proper identification and verification of customers and their beneficial owners

  • Timely availability of all customer and transaction records to the Registrar of Companies, other relevant authorities, and auditors

  • Compliance with the stipulations outlined in the "Guideline on Compliance of Anti-Money Laundering and Counter-Terrorist Financing Requirements for Trust or Company Service Providers" and other Registrar-imposed requirements

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Mastery Trust Limited is also subject to rigorous supervision for AML/CFT compliance, consistent with the standards set by the Financial Action Task Force (FATF). We strictly adhere to the FATF's List of High-Risk, Non-Cooperative Jurisdictions and other monitored jurisdictions, as well as sanctions imposed by the United Nations and OFAC.

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We fulfill our legal and regulatory responsibilities by adopting a risk-based approach. We gather information and evaluate the source of wealth acquired by the client. In specific scenarios, we may request documentary evidence to substantiate the source of wealth description.

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Furthermore, Mastery Trust Limited follows the guidelines of international statutes, including:

  • Drug Trafficking (Recovery of Proceeds) Ordinance, Cap. 405 ("DTROP")

  • Organized and Serious Crimes Ordinance, Cap. 455 ("OSCO")

  • United Nations (Anti-Terrorism Measures) Ordinance, Cap. 575 ("UNATMO")

  • United Nations Sanctions Ordinance, Cap. 537 ("UNSO")

  • Weapons of Mass Destruction (Control of Provision of Services) Ordinance, Cap. 526 ("WMD(CPS)O")

Legislation

Mastery Trust Limited is a licensed trust company that upholds the rigorous statutory duty of care stipulated under the Trustee Ordinance (Cap 29), Section 3(A).

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Our commitment goes beyond local statutory standards to encompass the dynamic and ever-evolving common law standards.

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Mastery Trust Limited has made a substantial deposit with the Government's Department of Accounting Services, in accordance with our Trustee License requirement under Part 8, Section 77(2) of the Ordinance. This underscores our dedication to our responsibilities. In addition to meeting statutory demands, we provide professional indemnity insurance for your peace of mind.

Stringently Aligned with Regulations and Guidelines:

Mastery Trust Limited strictly adheres to these legislations, guidelines, and references, ensuring that we maintain the highest standards of compliance and ethical practice.

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