US urged to crack down on Hong Kong banks ...News

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US urged to crack down on Hong Kong banks
source : Russia Today ( News ) () 68
The Chinese region is helping Russia and Iran evade sanctions, Congress has claimed Hong Kong has become a hub for money laundering and sanctions evasion, a committee of the US Congress claimed in a letter to Treasury Secretary Janet Yellen, urging her to do something about it. The self-governing region of China, which was a UK colony until 1997, continues to enjoy a privileged economic status with the US. “We must now question whether longstanding US policy towards Hong Kong, particularly towards its financial and banking sector, is appropriate,” said a letter to Yellen from the House Select Committee on the Ch

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