The global financial watchdog now says Hong Kong has a ‘strong legal foundation’ and effective measures to combat money laundering and terrorism financing. Photo: Bloomberg
The global financial watchdog now says Hong Kong has a ‘strong legal foundation’ and effective measures to combat money laundering and terrorism financing. Photo: Bloomberg

exclusive | Global money-laundering watchdog Financial Action Task Force tones down concern over Hong Kong’s lack of extradition deal

  • Paris-based body stated issue as ‘most significant deficit’ a decade ago, and has since softened its stance, but officials still cite old report
  • Lawmakers question relevance of initial concerns, accusing city authorities of misleading the public

Topic |   Hong Kong extradition bill
The global financial watchdog now says Hong Kong has a ‘strong legal foundation’ and effective measures to combat money laundering and terrorism financing. Photo: Bloomberg
The global financial watchdog now says Hong Kong has a ‘strong legal foundation’ and effective measures to combat money laundering and terrorism financing. Photo: Bloomberg
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