Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 85

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 85
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 Anti-money Laundering and Counter-Terrorist
Financing

The Anti-money Laundering and
Counter-Terrorist Financing Ordinance (Chapter 615 of the Laws of Hong Kong) (the “AMLO”) imposes requirements
relating to client due diligence and record-keeping and provides regulatory authorities with the powers to supervise compliance with the
requirements under the AMLO. In addition, the regulatory authorities are empowered to (i) ensure that proper safeguards exist to
prevent contravention of specified provisions in the AMLO; and (ii) mitigate money laundering and terrorist financing risks. Our
Hong Kong subsidiaries are not subject to these requirements.

Among other things, the Organized
and Serious Crimes Ordinance (Chapter 455 of the Laws of Hong Kong) (the “OSCO”) empowers officers of the Hong
Kong Police Force and the Hong Kong Customs & Excise Department to investigate organized crime and triad activities, and confers jurisdiction
on the Hong Kong courts to confiscate the proceeds of organized and serious crimes and to issue restraint orders and charging orders in
relation to the property of defendants of specified offenses under the OSCO. The OSCO extends the money laundering offense to cover the
proceeds from all indictable offenses.

Among other things, the UN United
Nations (Anti-terrorism Measures) Ordinance (Chapter 575 of the Laws of Hong Kong) (the “UNATMO”) stipulates
that it is a criminal offense to (i) provide or collect property (by any means, directly or indirectly) with the intention to, or
knowledge that the property will be used to, commit, in whole or in part, one or more terrorist acts; or (ii) make any property or
financial (or related) services available, by any means, directly or indirectly, to or for the benefit of a person knowing that, or being
reckless as to whether, such person is a terrorist or terrorist associate, or collect property or solicit financial (or related) services,
by any means, directly or indirectly, for the benefit of a person knowing that, or being reckless as to whether, the person is a terrorist
or terrorist associate. The UNATMO also requires a person to disclose his knowledge or suspicion of terrorist property to an authorized
officer, and failure to make such disclosure constitutes an offense under the UNATMO.

Competition

The market for video game distribution and marketing
in Asia is quickly evolving, and competition is intensifying as new