HALISTER1: HKMA Says It’s Investigating 8 Banks Over Anti-Money Laundering

HKMA Says It’s Investigating 8 Banks Over Anti-Money Laundering

(Bloomberg) -- Hong Kong Monetary Authority may finish some of the investigations before a visit from the Financial Action Task Force next year, says Meena Datwani, HKMA director of enforcement.
  • Datwani, who didn’t name the banks, was speaking at Thomson Reuters Pan Asian Regulatory Summit
  • NOTE: In July 2015, HKMA took first action against money laundering after gaining powers in 2012
To contact the reporter on this story: Benjamin Robertson in Hong Kong at brobertson29@bloomberg.net To contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net Russell Ward, Marcus Wright

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Source: BFW (Bloomberg First Word)

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Meena Datwani (Hong Kong Monetary Authority)

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