The Financial Action Task Force (FATF) published its assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Hong Kong, China on 21 July 2008.
It found that Hong Kong had a good legal structure to combat money laundering (ML) and terrorist financing (TF). The ML offence, it said, is broad and almost fully meets the FATF requirements. It is well prosecuted with a satisfactory conviction rate.

But the TF offence, said the FATF, …

Bookmark to: