A Citibank branch on Russell Street in Hong Kong’s Causeway Bay district on 29 April 2014. Photo: Felix Wong A Citibank branch on Russell Street in Hong Kong’s Causeway Bay district on 29 April 2014. Photo: Felix Wong
A Citibank branch on Russell Street in Hong Kong’s Causeway Bay district on 29 April 2014. Photo: Felix Wong

US Treasury takes no action on major banks in Hong Kong crackdown, providing relief for Citi, HSBC and other lenders

  • The US Treasury Department said it has not identified any foreign financial institutions that have “knowingly conducted a significant transaction” with sanctioned individuals
  • Treasury will continue to monitor for any activity that meets these criteria,” and would keep engaging foreign governments, the report said

Topic |   Hong Kong national security law (NSL)
A Citibank branch on Russell Street in Hong Kong’s Causeway Bay district on 29 April 2014. Photo: Felix Wong A Citibank branch on Russell Street in Hong Kong’s Causeway Bay district on 29 April 2014. Photo: Felix Wong
A Citibank branch on Russell Street in Hong Kong’s Causeway Bay district on 29 April 2014. Photo: Felix Wong
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