HK fears being put on FATF/OECD blacklist

tax       2001-02-12 
Over the last four years almost 3000 investigations into money-laundering have resulted in a mere 49 convictions. Hong Kong must face up to the danger of being blacklisted by the Financial Action Task Force (FATF) if it does not tighten up its current laws that have allowed many money-launderers to get away with their criminal activities.
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