The House Select Committee on China is set to hold a roundtable focused on Hong Kong's role in facilitating money laundering and sanctions evasion by entities from the People's Republic of China. The event will take place on 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 is characterized by limited transparency and significant cross-border transactions with mainland China. These factors have contributed to its emergence as a center for hiding illicit funds. The committee notes that Hong Kong has been linked to 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," the committee stated.
The panel of experts scheduled for the discussion includes 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 session will be open to credentialed members of the media and live-streamed for broader access.
