Hong Kong is becoming a hub for financial crime, US lawmakers say
Hong Kong has become a center for money laundering and sanctions evasion under the tightening grip of Beijing, US lawmakers have warned, calling for a re-evaluation of America’s close business relationship with the Asian financial hub.
Hong Kong a ‘Global Leader’ in Financial Crime, US Lawmakers Say
Hong Kong has become a center for financial crime as Beijing tightened its grip on the city, US lawmakers said, highlighting the worsening ties between the former British colony and Washington.
US lawmakers warn Hong Kong becoming financial crime hub
US lawmakers urged the government Monday to rethink banking ties with Hong Kong, citing its "increasing role" in money laundering, sanctions evasions and reported funneling of banned technology to Russia.
U.S. Lawmakers Say Hong Kong Is Becoming Hub for Financial Crime, WSJ Reports
Hong Kong has turned into a hub for many violations of U.S. trade controls, including export of controlled western technology to Russia and the creation of front companies to buy Iranian oil, the bipartisan leaders of the House Select Committee on the Chinese Communist Party said in a letter to Yellen,
US lawmakers accuse Hong Kong of enabling global financial crimes
The leaders of the US House of Representatives Committee stated that Hong Kong has become a center of financial crime as Beijing has tightened control over the city, according to Bloomberg. Since Beijing implemented the national security law in Hong Kong in mid-2020,
US Lawmakers Call HK A Financial Crime Hub
US lawmakers say Hong Kong has become a center for financial crimes as Beijing tightened its grip on the city. Our China correspondent, Minmin Low, explains the allegations have highlighted the worsening ties between the city and Washington.
US lawmakers urge more scrutiny of Hong Kong banks, say city becoming hub for financial crimes
Congressmen John Moolenaar and Raja Krishnamoorthi claim the ‘trusted global financial centre’ has become hub for money laundering and sanctions evasion.
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Hong Kong Is Becoming Hub for Financial Crime, U.S. Lawmakers Say
The U.S. should rethink its close ties with Hong Kong’s banking sector, leaders of an influential House committee say.
US lawmakers say Hong Kong is becoming hub for financial crime
Lawmakers in the U.S. House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong's ...
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