Usa Patriot Act, Title Iii
The new law, the Anti-Money Laundering and Counter-Terrorist financing (Financial Institutions) Ordinance will plug .... loopholes because it imposes a single set of requirements on all financial firms.
SCMP, March 31Tuesday, 3 April, 2012, 12:00am
A record HK$1.5 billion seized from criminals was deposited in the coffers of the Hong Kong government in the first five months of this year.
The massive haul of dirty money is nine times the amount seized by law enforcers in the whole of last year.28 Aug 2011 - 12:00am
'The $15 billion initial public offering of Stanley Ho Hung-sun's Sociedade de Jogos de Macau [SJM] has run into concerns over money laundering within the Securities and Futures Commission, sources said.'
June 67 Jun 2006 - 12:00am
China's top legislators are reviewing the country's first legislation to combat money laundering, a bill designed to crack down on rampant financial crimes involving officials.26 Apr 2006 - 12:00am
As Beijing comes under mounting foreign pressure to curb money-laundering, it has been revealed that the central bank has fined the Shenzhen branch of one of Japan's biggest lenders 1.2 million yuan for failing to report suspicious transactions.6 Apr 2006 - 12:00am
China will extend investigations into money laundering to the securities and insurance industries, according to officials, who say the country has a long way to go to meet international standards.6 Sep 2005 - 12:00am
NOW HERE IS one that could offend some people's sensibilities and I shall just have to be a little cautious in how I express it. The topic is whether it really makes sense for us to have stringent laws against money laundering.2 Jul 2004 - 12:00am
I refer to the article headlined 'Agents worry about dirty-money duties' (August 30) about property agents being pressured to watch out for mainland residents laundering money through property purchases.2 Sep 2003 - 12:00am
The Law Society has voiced fears about a proposal that solicitors should have to report any suspicious financial transactions by clients.2 Oct 2002 - 12:00am
Police and Customs officers have recorded an increase of more than 50 per cent in the number of suspected money-laundering cases reported by financial institutions - excluding banks - in the first eight months of the year over the whole of last year.17 Sep 2001 - 12:00am
Security officials want tougher laws on money laundering.
Reports of suspicious transactions have tripled over the past three years.
Suggestions include lowering the standard of proof needed to convict people dealing with illegal funds.19 Jan 1999 - 12:00am
THE authorities' initiative to encourage banking employees to report suspected money laundering activities is to be welcome. But a lack of objective criteria of reporting may reduce its effectiveness.25 Oct 1994 - 12:00am
NO one will be greatly surprised by the news that three New Yorkers have been charged with laundering drug money through a Hong Kong bank. The scandal is that laundering operations here are not exposed more often. There is no question that a lot of drug money comes through Hong Kong. The Government, the police and the big banks have made some effort to crack down.24 Sep 1994 - 12:00am
FEAR of lawsuits has prevented banks from reporting suspected drug money launderers, but some have kept track of suspicious transactions as officials await an appeal of a High Court decision which ruled the practice as violating the Bill of Rights.22 Mar 1993 - 12:00am