Standard Chartered was fined US$300 million after its New York branch failed to flag high-risk transactions. Photo: Bloomberg

Banks learn about the difference in US and HK money-laundering rules

Monetary Authority says while it does not use the same tools as its US counterparts, it insists the standards in HK are just as rigorous

Topic |   Standard Chartered Bank

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Standard Chartered was fined US$300 million after its New York branch failed to flag high-risk transactions. Photo: Bloomberg
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