Hong Kong banks told to report potential breaches of security law

Transactions that could violate Beijing-imposed law should be treated the same as if financing terrorism, says guidanceHong Kong-based banks have been told to report any transactions that they believe may violate the national security law, in new advice from the financial regulator.The Hong Kong Monetary Authority updated its advice to companies last month, in an amended document of frequently asked questions, to say transactions suspected to be linked to the law should be treated the same as tr