XN000022-1991-10-21 — Page 6

5

MONDAY, QU (OBER 21, 1991

"BY IMPLEMENTING

PROPER CUSTOMER

AND IDENTIFICATION

LAW ENFORCEMENT

KEEPING SYSTEMS, AND BY CO-OPERATING WITH BANKS CAN GIVE ASSISTANCE THAT IS OF ENORMOUS VALUE AND PROSECUTIONS WORK, HE SAID.

RECORD AGENCIES, ΤΟ INVESTIGATION

THE ORDINANCE ALSO ENABLED ORDERS OF FOREIGN COURTS

HERE AND FOR HONG CONFISCATING DRUGS ASSETS TO BE ENFORCED

KONG'S AGREEMENT CONFISCATION ORDERS TO BE ENFORCED OVERSEAS IF THERE WAS AN TO DO SO.

ENTERED INTO

RECIPROCAL

"HONG KONG HAD

FOR AGREEMENTS

THE STATES, PURPOSES OF THIS ORDINANCE WITH AUSTRALIA, CANADA, THE UNITED

JURISDICTIONS (ENGLAND AND SIX UK

AND

SCOTLAND, NORTHERN WALES, AND GUERNSEY) AND WE ARE CONTINUING IRELAND, ISLE OF MAN, JERSEY TALKS WITH A NUMBER OF OTHER COUNTRIES TO THE SAME END.

"THESE AGREEMENTS ARE A PRACTICAL EXAMPLE OF THE WAY

FIGHT INTERNATIONAL HONG KONG IS PLAYING ITS PART IN THE DRUG RELATED MONEY LAUNDERING."

IN WHICH TO COMBAT

IN

ALSO PARTICIPATED SINCE DECEMBER 1990, HONG KONG HAD

THE TASK WORK OF THE G7 (SEVEN MAJOR INDUSTRIAL NATIONS) FINANCIAL ACTION

THIS YEAR UPON FORCE,

WAS CONFIRMED IN MARCH AND MEMBERSHIP ENDORSEMENT OF THE TASK FORCE RECOMMENDATIONS.

KONG IN TAKING A MEMBERSHIP OF THE TASK FORCE INVOLVED HONG

MONEY LAUNDERING LEAD ROLE IN THE DEVELOPMENT OF MEASURES TO COUNTER THROUGH BOTH

AND THE FORMAL

INFORMAL

WITH FINANCIAL SECTORS, PARTICULAR REFERENCE TO THE ASIA AND PACIFIC REGION.

MR MATHEWS ALSO TALKED ABOUT ASSISTANCE.

OTHER ASPECTS

OF

MUTUAL

LEGAL

KONG HAD IN THE FIELD OF EXTRADITION, HONG

JURISDICTIONS OVERSEAS IN THE CO-OPERATING WITH RETURN OF FUGITIVE CRIMINALS.

PLAYED IT'S APPREHENSION

PART

AND

"IT IS A SAD COMMENTARY ON THE SCALE OF THE

OUR EXTRADITION WORK 18 THE BULK OF OFFENCES.

DRUGS TRADE CONCERNED INDEED

THAT

WITH

DRUG

"LAST YEAR, HONG KONG HANDLED CASES WITH 10 COUNTRIES.

NO FEWER THAN

30 EXTRADITION

ON A SERIES OF WHOM WE HAVE BILATERAL EXTRADITION

"LOOKING TO THE FUTURE, WE ARE NOW EMBARKING BILATERAL NEGOTIATIONS WITH A NUMBER OF COUNTRIES WITH EXTRADITION TRAFFIC WITH A VIEW TO PRODUCING AGREEMENTS THAT WILL ENDURE BEYOND 1997."

FOLLOWING THE MEETING OF

LONDON

IN THE

MONTH, LAST

OF

FIELD WIDER

ASSISTANCE, HE SAID MUTUAL LEGAL THE SINO-BRITISH JOINT LIAISON GROUP IN DETAILED

WOULD DISCUSSIONS

BE HELD WITH ON THE TEXT OF A MODEL BE AUTHORISED MUTUAL LEGAL ASSISTANCE AGREEMENT THAT HONG KONG WOULD TO NEGOTIATE WITH FOREIGN JURISDICTIONS.

REPRESENTATIVES OF THE CHINESE GOVERNMENT

0

—

/6