Friday, April 23, 2021

HKMA fines Shanghai Commercial Bank for anti-money laundering lapses

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The Hong Kong Monetary Authority (HKMA) has fined Shanghai Commercial Bank Ltd HK$5 million ($636,967) and reprimanded it for breaching anti-money laundering and counter terrorist financing rules. Hong Kong is exposed to medium to high level of money laundering risk, a report in […]

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