All posts tagged "national security law"
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777AML / KYCUS Sanctions 11 Chinese, Hong Kong Officials
The HKMA says unilateral sanctions imposed by foreign governments have "no legal status" in Hong Kong and banks should endeavour to treat customers fairly.
August 8, 2020 -
95Hong KongJapan Amends Rules to Lure Hong Kong Fund Managers
A Cabinet level amendment will allow overseas investment funds and securities operators to temporarily operate from Japan.
August 5, 2020 -
688AML / KYCChina Should Reduce SWIFT Use in Case of US Sanctions – Report
China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.
July 30, 2020 -
1.1KFeature‘Business As Usual’ for Hong Kong Banks, says HKMA Chief
Chief executive Eddie Yue said the HKMA does not see that the national security law would affect the normal conduct of business in Hong Kong, provided it is permissible under existing regulations.
July 24, 2020 -
757AML / KYCHong Kong Wealth Managers Scrutinise Clients for Political Links
Wealth managers are said to be screening comments made by clients and their associates in public, in the media, and in social media posts as far back as 2014 to determine their political stance.
July 22, 2020 -
730ChinaHong Kong Regulators Offer Assurances on National Security Law
Financial Secretary Paul Chan has asked Hong Kong financial regulators to explain to their stakeholders that the national security law will not harm their operations.
July 20, 2020 -
1.1KAustralia & NZAustralia Mulls Measures to Establish Regional Financial Hub
Australian Senator Andrew Bragg wrote to Treasurer Josh Frydenberg suggesting reforms to capitalise on Hong Kong's recent political changes.
July 17, 2020 -
495AML / KYCTrump Executive Order Opens China to Sanctions Over Hong Kong
Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.
July 15, 2020 -
929AML / KYCChinese Banks Plan for Possible US Sanctions – Report
Bank of China and ICBC are reportedly preparing for worst-case possibilities that they could be cut off from US dollars or lose access to US dollar settlements.
July 10, 2020 -
382AML / KYCUK Imposes First Sanctions Over Human Rights Abuses
The UK has designated 25 Russians, 20 Saudi Arabians, two Myanmar generals, and two North Korean organisations. Their UK assets will be frozen.
July 8, 2020
