U.S. says no banks linked to people sanctioned over Hong Kong crackdown By Reuters

© Reuters. FILE PHOTO: Police fire tear gas during protests in Hong Kong


WASHINGTON (Reuters) – The U.S. Treasury said on Friday it has not has not identified any foreign financial institution “that has knowingly conducted a significant transaction” since Oct. 14 with individuals deemed responsible for China’s crackdown in Hong Kong.

The Treasury assessment was required under a State Department report in October that put international banks on notice that they would face sanctions if they were found to be doing business with U.S.-blacklisted officials in Hong Kong.

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