Congressman John Moolenaar Chairman of the Select Committee on the CCP | Official U.S. House headshot
Congressman John Moolenaar Chairman of the Select Committee on the CCP | Official U.S. House headshot
The House Select Committee on China has scheduled a roundtable to discuss Hong Kong's role in facilitating money laundering and sanctions evasion for the People's Republic of China. The event is set for Thursday, September 18 at 9:00 A.M. in room HVC-200 of the U.S. Capitol Building.
According to the committee, Hong Kong’s financial system lacks transparency and handles large volumes of cross-border transactions from China, making it a center for concealing illicit funds. The city has been linked to trade-based money laundering, shell companies, and other financial crimes. The upcoming roundtable aims to highlight these activities and explore policy options to address them.
Participants in the discussion will include Sunny Cheung, Fellow for China Studies at The Jamestown Foundation; Samuel Bickett, Human Rights Lawyer and Convenor of the US-Hong Kong Policy Roundtable; and Kimberly Donovan, Director of the Economic Statecraft Initiative at the Atlantic Council.
The event will be live-streamed and is open to credentialed media representatives.
"“Hong Kong’s opaque financial system coupled with high-volume, cross-border transactions from China make it a hub for hiding and obscuring dirty money. Hong Kong is linked to cases involving trade-based money laundering, shell companies, and other forms of financial fraud. This roundtable will shed light on the illicit activities taking place in Hong Kong and offer potential policy solutions to combat this nefarious activity.”"
Credentialed members of the media are invited to RSVP by responding directly via email.
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