Hong Kong plans money flow scrutiny of Chinese officials
HONG KONG (BLOOMBERG) - Hong Kong plans to expand scrutiny on capital flows and transactions by Chinese officials, according to a recent consultation paper on anti-money laundering.
The Financial Services and the Treasury Bureau is proposing to implement enhanced due diligence on "politically exposed persons" from anywhere outside Hong Kong instead of outside the People's Republic of China, according to the paper.……
Business Hong Kong
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