HONG KONG BANKS TOLD BY REGULATOR TO REPORT “SUSPICIOUS” TRANSACTIONS

On 20 October, the South China Morning Post reported that banks operating in Hong Kong have been told to report financial transactions believed to violate the city’s controversial national security law.  The Hong Kong Monetary Authority (HKMA) advised banks to file suspicious transaction reports for dealings that may be related to violations of the national security law to the FIU.

https://www.scmp.com/business/banking-finance/article/3106239/banks-advised-report-transactions-suspected-violating-hong

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page 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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