NEW YORK -- Hong Kong criticized U.S. lawmakers on Tuesday for "malicious slander" in a letter that described the city as a top location for money laundering and sanctions evasion.
A bipartisan group of legislators from the U.S. House of Representatives have asked Treasury Secretary Janet Yellen to rethink the country's ties with banks in the Chinese financial city, accusing it of becoming a hub for violating U.S. trade controls, including exports of controlled Western technology to Russia and the creation of front companies to buy Iranian oil.
