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Fraud and Money Laundering Intelligence Taskforce Launched in Hong Kong

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Fraud and Money Laundering Intelligence Taskforce Launched in Hong Kong 

Police in collaboration with the Hong Kong Monetary Authority, the Hong Kong Association of Banks and a number of banks launched a 12-month pilot project called Fraud and Money Laundering Intelligence Taskforce (FMLIT) to increase the detection, prevention and disruption of serious financial crime and money laundering threats. 

“increase the detection, prevention and disruption of serious financial crime and money laundering threats.”

There are ten retail banks involved in FMLIT. They include Bank of China (Hong Kong) Limited, Standard Chartered Bank (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Hang Seng Bank Limited, Dah Sing Bank Limited, Citibank (Hong Kong) Limited, DBS Bank (Hong Kong) Limited, The Bank of East Asia, Limited, Industrial and Commercial Bank of China (Asia) Limited, and China Construction Bank (Asia) Corporation Limited.

News Source: Hong Kong Monetary Authority Press Release




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