Hong Kong: value of frozen property due to “no consent” letters issued by JFIU 2017

In 2017, property worth over one million of U.S. dollars were frozen by financial institutions in Hong Kong based on "no consent" letters in Hong Kong. "No consent" letter issued by Joint Financial Intelligence Unit (JFIU) is an important reference for financial institutions to make their desicions when dealing with suspicious property and transactions.

Value of frozen property due to “no consent” letters issued by JFIU in Hong Kong from 2013 to 2017 (in 1,000 U.S. dollars)*

Characteristic	Value of frozen property in thousand U.S. dollars
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

September 2019

More information

Region

Hong Kong

Survey time period

2013 to 2017

Supplementary notes

*The Joint Financial Intelligence Unit (JFIU) in Hong Kong is operated by staff members from the Hong Kong Police Force and the Hong Kong Customs & Excise Department. It is responsible for analyzing reporting on suspicious financial transactions, disseminating them further to other authorities and providing financial institutions with handling suggestions.

The "no consent" letter is sent by JFIU when the suspicious transaction is recognized as crime related, which is an essential reference for financial institutions to freeze the suspicious property.

Citation formats