An ICBC branch in Hong Kong. It is considered the world’s biggest lender with a market capitalisation of US$356 billion and assets well over US$3 trillion. Photo: Bloomberg

ICBC ordered by Fed to boost money-laundering safeguards

US central bank instructs Chinese lender to establish a system that properly assesses risks associated with products and customers, including ‘politically exposed persons’, at its New York branch

Topic |   ICBC

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An ICBC branch in Hong Kong. It is considered the world’s biggest lender with a market capitalisation of US$356 billion and assets well over US$3 trillion. Photo: Bloomberg
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