{"id":21966,"date":"2025-04-08T16:10:14","date_gmt":"2025-04-08T20:10:14","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/?p=21966"},"modified":"2025-04-09T15:48:03","modified_gmt":"2025-04-09T19:48:03","slug":"curtis-merkley-introduce-bill-to-address-money-laundering-sanctions-violations-in-hong-kong","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/curtis-merkley-introduce-bill-to-address-money-laundering-sanctions-violations-in-hong-kong\/","title":{"rendered":"CURTIS, MERKLEY INTRODUCE BILL TO ADDRESS MONEY LAUNDERING, SANCTIONS VIOLATIONS IN HONG KONG"},"content":{"rendered":"

Legislation mandates executive review of Hong Kong\u2019s role in supporting illicit financing and sanctions evasion by U.S. adversaries like Iran and Russia<\/em><\/em><\/p>\n\n\n\n

Washington DC<\/em> \u2013 U.S. Senators John Curtis (R-UT) and Jeff Merkley (D-OR) today introduced the Stop Corrupt Communist Party (CCP) Money Laundering Act<\/em><\/a>, bipartisan legislation to scrutinize Hong Kong\u2019s role in facilitating illicit financial activity and evasions of U.S. export controls and sanctions. With this bill, the Senators aim to hold Hong Kong accountable for its role in enabling criminal activities that benefit adversarial nations, including Russia, Iran, and the Chinese Communist Party.<\/p>\n\n\n\n

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\u201cSince their takeover in 2020, the Chinese Communist Party has turned Hong Kong into a hub for illicit finance, helping our adversaries sidestep U.S. sanctions and finance their malign actions worldwide,\u201d said Senator Curtis.<\/strong> \u201cThe United States cannot allow bad actors to exploit Hong Kong\u2019s financial system to undermine our security, evade our laws, and fuel conflicts against our allies. This bill directs the Administration to take decisive action and hold Hong Kong accountable.\u201d<\/p>\n<\/blockquote>\n\n\n\n

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\u201cAs the Chinese government continues stripping Hong Kongers of their autonomy, freedoms, and basic human rights, the United States must unequivocally oppose these abuses. We must also push back on efforts by U.S. adversaries to exploit Hong Kong to evade U.S. sanctions and erode what remains of Hong Kong\u2019s independence,\u201d dijo el senador Merkley. <\/strong>\u201cOur bipartisan effort cracks down on China and Russia\u2019s attempts to weaponize Hong Kong\u2019s status and facilitate illicit money laundering through the city.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Fondo:<\/u><\/strong><\/p>\n\n\n\n

The Economic and Security Review Commission on China has confirmed<\/a> that \u201cHong Kong has become a key transshipment node in a global network that assists Russia and other adversaries in evading sanctions and circumventing export controls.\u201d Recent reports indicate that exporters from China and Hong Kong supplied 85 percent of the semiconductors imported by Russia between March 2022 and September 2023\u2014an alarming trend that has continued into 2024.<\/p>\n\n\n\n

To address money laundering and export control and sanction violations in Hong Kong, the Stop CCP Money Laundering Act<\/em> har\u00eda:<\/p>\n\n\n\n