The American Chamber of Commerce has complained that Hong Kong banks are making it difficult for customers, especially international clients, to open and maintain accounts. Photo: Robert Ng

US and European regulators have left banks caught in a difficult position

Businesses’ complaints about the difficulty in opening and maintaining accounts are the result of overseas authorities imposing draconian rules in a bid to fight money laundering, terrorist financing and tax evasion

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The American Chamber of Commerce has complained that Hong Kong banks are making it difficult for customers, especially international clients, to open and maintain accounts. Photo: Robert Ng
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