Even as banks in Hong Kong pump more resources into tackling money laundering, greater cooperation and information-sharing between local authorities and financial institutions are vital. Photo: Nora Tam

How Russian money launderers boosted the clean-up drive in Hong Kong

David Ogilvie says Hong Kong’s secrecy rules and US-dollar peg make it an attractive destination for money launderers, and only all-round cooperation can help stop the flow

Topic |   Panama Papers

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Even as banks in Hong Kong pump more resources into tackling money laundering, greater cooperation and information-sharing between local authorities and financial institutions are vital. Photo: Nora Tam
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