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Report on Money Laundering and Sanctions Violations in Hong Kong

This bill requires the U.S. government to investigate whether Hong Kong is a hub for money laundering and sanctions violations. The aim is to assess how financial institutions in Hong Kong prevent illegal transactions, which could impact international trade and financial relations.
Key points
The U.S. government will determine if Hong Kong should be designated as a primary money laundering concern.
A report will be created on Hong Kong's role in facilitating violations of U.S. export controls and sanctions, especially concerning Russia and Iran.
Cooperation between Hong Kong and U.S. authorities in enforcing export control and sanctions regimes will be assessed.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3264
Sponsor: Rep. Wilson, Joe [R-SC-2]
Process start date: 2025-05-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To require a determination and report relating to money laundering and violations of export controls and sanctions in Hong Kong.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3264.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-07.

What are the main provisions?

Key points include:

  • The U.S. government will determine if Hong Kong should be designated as a primary money laundering concern.
  • A report will be created on Hong Kong's role in facilitating violations of U.S. export controls and sanctions, especially concerning Russia and Iran.
  • Cooperation between Hong Kong and U.S. authorities in enforcing export control and sanctions regimes will be assessed.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Wilson, Joe [R-SC-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy Courts and Law Security