CCGL9027 Podcast Topic Proposal

Tutorial Group Number: 002

Name:
l Chan Chak Kwan, Gordon (3035856525)
l Cheung Man Chun, Alex (3036077762)
l Lau Siu Hong, Sunny (3035921485)
l So Chin Man, Jerry (3036070233)

Roles:
Moderator x 1 (Criminologist who specializes in financial crime)
Interviewees x 3
(Government Official from FIIB HK Police Force, Financial expert from Hong Kong
Monetary Authority, ICAC officials)

Proposed episode title: Hong Kong: A Haven for money laundering?

This podcast episode will mainly cover money laundering and terrorist financing
activities in Hong Kong. Hong Kong possesses the freest capitalist economy in the
world and establishes a close financial tie with China’s economy. If Hong Kong is a
low-risk Anti-Money Laundering (AML) region, how come the transnational crime
organization treat Hong Kong as a safe hub for money laundering. Does the free flow
of capital create a hotbed for financial crimes? What is the attractiveness of Hong
Kong in terms of financial system and law and regulations from the perspective of
criminals. How do the criminals legally whiten and integrate their money (disclose the
whole process). The adverse impacts brought by money laundering on local and
global aspects. The host will also seek the advice from the government officials on
any possible solutions to alleviate the issues.