'Politically exposed persons' find it more difficult or altogether prevented from accessing banking services
This translation has been automatically generated and has not been verified for accuracy.Police disperse pro-democracy protesters with pepper spray as they gather to mark the anniversary of the attack by more than 100 white-wearing men with pipes and poles on July 21 last year, at Yuen Long, in Hong Kong on July 19, 2020.
The sources, who requested anonymity because of the sensitivity of the situation, said the broadened scrutiny of clients also applied to Hong Kong and Chinese officials who had implemented the law in anticipation of any U.S. sanctions against them. Albert Ho, a veteran Hong Kong democrat who runs a law firm and helps organize an annual candlelight vigil to commemorate victims of the June 4, 1989 Tiananmen Square crackdown, said he feared that people like him may face “difficulties in the times to come.”
“The relevant international standards and our guidance to the banking industry have not changed,” the city’s de facto central bank said. HSBC and Standard Chartered Plc, which have expressed support of the national security law, for example, have faced criticism from U.K. officials that their actions enabled Beijing to undermine the rule of law in the former British colony.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global COVID-19 deaths top 600,000 as Hong Kong warns of resurgenceThe number of people around the world who have died as a result of the coronavirus has passed the 600,000 mark as countries from the U.S. to South Africa to India struggle to contain infections.
Read more »
Global coronavirus death toll surpasses 600,000 as Hong Kong warns of resurgenceConcerns are rising that the pandemic has found fresh legs over the past few weeks, with Johns Hopkins University and the World Health Organization both recording daily highs in newly reported infections
Read more »
Vancouver group runs newspaper ad praising controversial new security law in Hong KongOne critic says the spot looks \u0027suspiciously\u0027 like it was meant to propagate China\u0027s position at a time of international outcry over the law
Read more »