Extradition From HK To Mainland China Would Help Fight Money Laundering: FATF

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September 5 2019

The lack of a mechanism in Hong Kong to extradite suspects to mainland China is an obstacle to tackling money laundering and terrorism financing, a watchdog said on Wednesday as Hong Kong withdrew an extradition bill that sparked mass protests.

The Financial Action Task Force (FATF), an international body that assesses money-laundering standards, said in a report that Hong Kong should “look at ways to improve its ability to cooperate with other parts of China through formal means”.