HONG KONG -- Global banks in Hong Kong are screening through client lists to identify those most likely to face U.S. sanctions under a new law signed by President Donald Trump to punish those seen as responsible for undermining the city's autonomy.
"The rules are being set and we are racing against time to finish the preparatory work," a senior compliance manager at a U.S. bank said. "So when the list [from Washington] comes out, we can map entities or individuals dealing with those sanctioned quickly."
