May 20 2018
A groundbreaking task force which aims to haul Hong Kong’s fight against money laundering into the 21st century has been handed a six-month extension to its year-long trial status.
Formed in response to global concern that current systems to identify, disrupt and seize the massive flow of dirty money through the international financial network are not fit for purpose, the Fraud and Money Laundering Intelligence Taskforce (FMLIT) was set up last May.