SATURDAY, MARCH 9, 1991
1-
GOVT COMMITTED TO FIGHT AGAINST ECONOMIC CRIME
FIGHT
THE
THE HONG KONG GOVERNMENT WAS COMMITTED TO AN UNRELENTING
AND LAUNDERING
WAS VERY MONEY AGAINST
CRIME ECONOMIC
INCLUDING
ΤΟ IN
OTHERS
DO ASSISTING
So, PART WILLING TO PLAY A
SAN FRANCISCO DIRECTOR OF PUBLIC PROSECUTIONS, MR JOHN WOOD, SAID IN ON FRIDAY.
FULL
BOTH COMPLEX AND OF TERRITORIAL FREELY
WERE FRAUDS MR WOOD SAID INVARIABLY LARGE INTERNATIONAL IN NATURE AND THAT TRADITIONAL CONCEPTS
THE LIMIT WHERE
JURISDICTION WERE STRAINED TO CROSSED NATIONAL BOUNDARIES.
TRANSACTIONS
EXAMPLE, FOR
HE
SAID,
A RECENT
DECISION
HELD THAT
THERE
WAS
ENGLISH
COURT
IN
ENGLAND
OF APPEAL WHERE
EVEN THOUGH
THE
NO JURISDICTION YORK BANK ACCOUNT
PROPERTY WAS STOLEN FROM A NEW TELEX INSTRUCTION CAME FROM ENGLAND.
LAW
WIDENED
"SO CONCERNED HAVE THE BRITISH AUTHORITIES BECOME THAT THE COMMISSION RECOMMENDED THAT JURISDICTION SHOULD BE MATERIALLY IN RELATION TO CASES OF FRAUD.
"THE LEGAL POLICY DIVISION IN THE ATTORNEY GENERAL'S OFFICE HONG KONG IS CONSIDERING WHETHER WE SHOULD GO DOWN THE SAME ROAD, WOOD SAID.
AT A
GATHERING
OF
IN
MR
BAR
WAS
THE AMERICAN MR WOOD WAS SPEAKING ASSOCIATION ON THE SUBJECT OF WHITE COLLAR CRIME IN HONG KONG, HE INVITED BY THE ASSOCIATION TO ADDRESS THE FUNCTION AS A GUEST SPEAKER.
HE SAID
HONG
KONG HAD
INVESTIGATE FRAUDS.
ADOPTED
A
TASK
SYSTEM FORCE
TO
AT
A FAR
EARLY STAGE
OF VARIOUS OTHER
"LAWYERS ARE NOW INVOLVED INVESTIGATIONS INTO ECONOMIC CRIME THAN IN RELATION TO TYPES OF CRIME AND TASK FORCES CONSISTING OF LAWYERS, ACCOUNTANTS AND
FRAUD IS SUSPECTED AND
THE DECIDE POLICE MEET SOON AFTER A LARGE
SHOULD TAKE AND MONITOR THE DIRECTION IN WHICH THE
INVESTIGATION
RESULTS ON AN ON-GOING BASIS.
"SUCH
INFORMAL
MEETINGS ARE
EASILY
ACHIEVED IN A
SMALL
CENTRALISED PLACE LIKE HONG KONG," MR WOOD SAID.
OF THE PROBLEMS HE POINTED OUT THAT THE HEIGHTENED AWARENESS
HAD RESULTED IN
BEING MORE CRIME
MATTERS AND IMPACT OF ECONOMIC REPORTED AND THAT THE STANDARD OF AUDITING HAD IMPROVED WITH FAR QUALIFIED REPORTS BEING GIVEN TO COMPANY ACCOUNTS THAN IN THE PAST.
"LEGISLATIVE CHANGES OF SIGNIFICANCE CREATION OF PROCEDURAL RULES TO ENABLE EVIDENCE TO OVERSEAS FOR USE IN HONG KONG COURTS.
"THESE NEW PROCEDURES HAVE ALREADY
MORE
THE IN HONG KONG INCLUDE
BE OBTAINED FROM
PROVED ΤΟ BE OF
IMMENSE PROOF OF BANKERS'
PRACTICAL VALUE AS HAS BEEN THE SIMPLIFICATION OF REPORTS.
ΓΕ
/MR WOOD