U.S. Department of State Country Reports on Terrorism 2005 - Hong Kong

Hong Kong's implementation of the Container Security Initiative was transparent and cooperative. The high level of cooperation and the successful implementation of CSI by Hong Kong Customs officials received praise from a congressional staff delegation, which described it as a model for CSI implementation.

Hong Kong's Joint Financial Intelligence Unit (JFIU), operated by the Hong Kong Police and the Customs and Excise Department, is a member of the Egmont Group (a prominent body of FIUs that fosters international cooperation) and continued to process reports on suspicious financial transactions. Hong Kong law enforcement agencies provided full support and cooperation to their overseas counterparts in tracing financial transactions suspected of being linked to terrorist activities. Hong Kong actively participated in various anti-money laundering and counterterrorist financing initiatives in 2005, including the Financial Action Task Force on Money Laundering (FATF) and the Asia/Pacific Group on Money Laundering.

As the primary reviewer of Indonesia's anti-money laundering and counterterrorism finance regime within the Financial Action Task Force on Money Laundering within the Asia Pacific/Group on Money Laundering, Hong Kong took the lead in co-coordinating the review group's on-site visit to Indonesia in January to examine its anti-money laundering and terrorist financing regime. Hong Kong also participated in the FATF's mutual evaluation of Ireland in June.

To further promote international and regional understanding and cooperation on anti-money laundering and terrorist financing issues, Hong Kong hosted the International Conference on Combating Money Laundering in February 2005, as well as several international anti-money laundering and terrorist financing seminars and workshops. These forums provided a good opportunity for representatives from government and other sectors to review progress and to share experience in tackling money laundering and terrorist financing challenges.


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