United States: Treasury Reports On Foreign Financial Institution Violations Of Hong Kong Autonomy Act - Cadwalader, Wickersham & Taft LLP

United States: Treasury Reports On Foreign Financial Institution Violations Of Hong Kong Autonomy Act - Cadwalader, Wickersham & Taft LLP

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Pursuant to the Hong Kong Autonomy Act ("HKAA") Section 5(b), Treasury reported to Congress on foreign financial institutions ("FFIs") that "knowingly conducted a significant transaction" with sanctioned foreign persons.

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