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【Cross-Border Tax】HONG KONG: Improved AML supervision of non-financial businesses

The Financial Action Task Force (FATF) has revised Hong Kong's rating on Recommendation 28 from partially to largely compliant. The recommendation relates to risk-based anti-money laundering (AML) supervision of designated non-financial businesses and professions, which a FATF evaluation in September 2019 recognised as not fully operational in the jurisdiction...

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