Taiwan's president scraps stop on American soil

Taiwan’s president scraps stop on American soil

WASHINGTON (AP) — The Taiwanese government has called off a plan for its president to transit through the United States on his way to Latin America, The Associated Press has learned — a decision leading to conflicting accounts of the reason for the cancellation. Amid speculation that the Trump administration had opposed a proposed stopover…

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US lawmakers urge more scrutiny of Hong Kong banks, say city becoming hub for financial crimes

US lawmakers urge more scrutiny of Hong Kong banks, say city becoming hub for financial crimes

US bipartisan lawmakers have called on their Department of the Treasury to re-evaluate its treatment of Hong Kong banks, accusing the city of becoming a hub for money laundering and evasion of sanctions involving authoritarian countries. In a joint letter sent to US Treasury Secretary Janet Yellen and unveiled on Monday, Republican congressman John Moolenaar…

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Lawmakers Question US Banking Relationship With Hong Kong

Lawmakers Question US Banking Relationship With Hong Kong

Two U.S. lawmakers reportedly want the country to rethink its banking relationship with Hong Kong. Rep. John Moolenaar, R-Michigan, and Rep. Raja Krishnamoorthi, D-Illinois, sent a letter to Treasury Secretary Janet Yellen asking how the department plans to combat money laundering and sanctions evasion conducted through Hong Kong’s financial system, the Wall Street Journal (WSJ) reported Monday (Nov. 25). Moolenaar…

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