Abstract
This paper describes Hong Kong's first successful money laundering case, including the key role played by the local subsidiary of the now-defunct Bank of Credit and Commerce International (BCCI). Hong Kong is revealed to be the organizational and financial linchpin of a heroin smuggling syndicate stretching from Southeast Asia's Golden Triangle to New York City. In addition, the paper analyzes the development of anti-money laundering legislation in Hong Kong and evaluates the former British colony's prospects for remaining East Asia's premier offshore finance center following the territory's return to Chinese sovereignty on July 1, 1997. © 1997 Kluwer Academic Publishers.
| Original language | English |
|---|---|
| Pages (from-to) | 91-110 |
| Journal | Crime, Law and Social Change |
| Volume | 28 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1997 |
| Externally published | Yes |
Bibliographical note
Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to [email protected].UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities -
SDG 17 Partnerships for the Goals
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