[contentcards url=”https://www.rt.com/business/608199-hong-kong-us-financial/”]
The Chinese region is helping Russia and Iran evade sanctions, Congress has claimed
Hong Kong has become a hub for money laundering and sanctions evasion, a committee of the US Congress claimed in a letter to Treasury Secretary Janet Yellen, urging her to do something about it.
The self-governing region of China, which was a UK colony until 1997, continues to enjoy a privileged economic status with the US.
“We must now question whether longstanding US policy towards Hong Kong, particularly towards its financial and banking sector, is appropriate,” said a letter to Yellen from the House Select Committee on the Chinese Communist Party, according to Reuters.
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