Anti-Financial Crime & Financial Crime Compliance
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HONG KONG: Nine detained in laundering $900M laundering scandal; government criticised by commerce industry over company registry changes

It’s been a busy week for AML in Hong Kong, where nine people have been detained on suspicion of laundering hundreds of millions of dollars.

Separately, there has been an outcry from big businesses in the city. The government has proposed to restrict the amount of company registry information available to the public, and representatives from the International Chamber of Commerce are urging that this plan be dropped.

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