FATF: HONG KONG MUTUAL EVALUATION REPORT

On 4th September, FATF published the mutual evaluation report on Hong Kong.  It says that, despite having a “sound” system, it must enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.  It also comments that there are residual concerns regarding whether it is reasonable that no proliferation financing or terrorist financing case has been substantiated so far given the territory’s exposure.

http://www.fatf-gafi.org/media/fatf/documents/reports/mer4/MER-Hong-Kong-2019.pdf

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This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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