SEN to visit Guangzhou tomorrow
The Secretary for the Environment, Mr Wong Kam-sing, will depart for Guangzhou tomorrow afternoon (June 27). Mr Wong will visit authorities of Guangdong Province to exchange views on … read more
The Secretary for the Environment, Mr Wong Kam-sing, will depart for Guangzhou tomorrow afternoon (June 27). Mr Wong will visit authorities of Guangdong Province to exchange views on … read more
In response to media enquiries, Hongkong Post today (June 26) made a clarification as follows: During weekdays, staff working at the General Post Office (GPO) in Central normally leave their office b… read more
The Centre for Health Protection (CHP) of the Department of Health today (June 26) reported a suspected case of Middle East Respiratory Syndrome (MERS), and again urged the public to pay special attention to safety during travel, taking due consideration of the health risks in the places they visit. The case is detailed below:
| Sex | Male |
| Age | 27 |
| Affected area involved | Dubai, United Arab Emirates |
| High-risk exposure | Nil |
| Hospital | Princess Margaret Hospital |
| Condition | Stable |
| MERS-Coronavirus preliminary test result | Pending |
The Financial Action Task Force (FATF) has commended Hong Kong for its strong legal foundation and effective system for combating money laundering (ML) and terrorist financing (TF) following a mutual evaluation undertaken by member jurisdictions.
The Mutual Evaluation Report of Hong Kong was examined at the FATF Plenary on June 20 in the United States (US). The Report assesses the compliance and effectiveness of Hong Kong’s anti-money laundering and counter-terrorist financing (AML/CTF) regime against the international standards. Hong Kong’s system has been assessed to be compliant and effective overall, making it the first jurisdiction in the Asia-Pacific region to have achieved an overall compliant result. So far only five out of 23 assessed jurisdictions have been rated overall compliant by the FATF.
The Report finds that Hong Kong has a strong legal and institutional framework for combating ML and TF, and is particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.
The Financial Secretary, Mr Paul Chan, said, “The Government welcomes the FATF’s recognition of the compliance and effectiveness of Hong Kong’s AML/CTF system. It is a proud testament to Hong Kong’s commitment to upholding the integrity of the financial system and its reputation as an international financial centre that is safe and clean for doing business.”
The Hong Kong delegation attending the FATF scrutiny of the Report was led by the Permanent Secretary for Financial Services and the Treasury (Financial Services), Mr Andrew Wong. “I would like to thank all agencies from the public and private sectors which have contributed to the success of this challenging evaluation process. The assessment result is an affirmation of our community’s concerted efforts in safeguarding a robust AML/CTF regime,” Mr Wong said.
The FATF is an inter-governmental organisation which sets global standards for combating ML and TF. Comprising 39 major economies of the world, the FATF conducts peer reviews of member jurisdictions regularly to assess their compliance with the international AML/CTF standards under a mutual evaluation process. Hong Kong has been a member of the FATF since 1991. Lasting for over a year, the mutual evaluation was undertaken by an assessment team comprising 10 experts from the FATF and the Asia/Pacific Group on Money Laundering. The Mutual Evaluation Report of Hong Kong was examined by the full FATF membership at its June Plenary held in Orlando, the US. The Report is expected to be published by the FATF in September 2019. read more
Following is the transcript of remarks by the Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, and the Secretary for Security, Mr John Lee, at a media session in the LegCo Complex today (June 26):
Reporter: Secretary, you’ve been very reluctant to establish an independent inquiry into the clashes between all sides. Is it because you do not want any officers or any public officials being held accountable for this series of events? And also, we’ve obtained an internal speaking note by the Chief Executive which says to safeguard the dignity of the Chief Executive, 䏿–‡æ˜¯ç¶è·ç‰¹é¦–å°Šåš´. Could you explain what does this exactly mean? Is that because the Chief Executive would not be subject to any further calls for her to step down?
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Chief Secretary for Administration: First of all, I think we have to consider the very fact that we have an established mechanism in Hong Kong. First of all, the CAPO (Complaints Against Police Office). The CAPO is the first tier, followed by the Independent Police Complaints Council, which is entirely independent, entirely statutory and has a well-tried mechanism. I think we should use the existing mechanism to pursue the matter. It’s more appropriate to do so in the first place.
Reporter: Chief Secretary you have not answered my second question, as to what does it mean by safeguarding the dignity of the Chief Executive? And are you essentially saying no political official should go because of this series of controversies?
Chief Secretary for Administration: I’m not in a position to comment on that note which you mentioned. The CE has already made a very sincere apology and stressed in no uncertain terms that the current-term administration will continue to do our very, very best to serve the community. We’ve got a heavy agenda in terms of improving the economy, propelling Hong Kong forward and also enhancing livelihood across the board. So, it’s very important for us to re-launch Hong Kong together.
(Please also refer to the Chinese portion of the transcript.) read more