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Private Banking & Wealth Management
Regulations

Banks “have no choice” when receiving account freezing orders from law enforcers

16 December 2020 | 4 minutes read

Banks in Hong Kong have taken a fair amount of flak following their freezing of a number of bank accounts of prominent people and organisations without providing a reason. Citing suspicions of money laundering, the Hong Kong police over the past few weeks asked banks to freeze the accounts of former Democratic Party lawmaker Ted Hui and his family members…

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Most popular articles

  1. Julius Baer hires Bank of Singapore banker as SEA market head
  2. HSBC Private Bank hires another ex-UBS banker for desk head role
  3. StanChart PB taps Bank of Singapore for Greater China role

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