Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Asia-Pacific, Banking, Compliance News, Financial Services

HONG KONG: Nine detained in laundering $900M laundering scandal; government criticised by commerce industry over company registry changes

It’s been a busy week for AML in Hong Kong, where nine people have been detained on suspicion of laundering hundreds of millions of dollars.

Separately, there has been an outcry from big businesses in the city. The government has proposed to restrict the amount of company registry information available to the public, and representatives from the International Chamber of Commerce are urging that this plan be dropped.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!