US Warns Hong Kong about Illicit North Korea Trade Deal

US Warns Hong Kong about Illicit North Korea Trade Deal

Although Hong Kong has the reputation of a city thats easy to do business with, including its own UK-style independent legal system furnished with light-handed regulation, discretion and non-cooperation with foreign tax authorities and finally its semi-autonomous character from China; its reputation has exceeded itself to involve ‘murky dealings’.

Recently and not for the first time, the United States has warned Hong Kong authorities for violating UN sanctions by allowing their country become a ‘safe harbour’ for illicit trading, especially with North Korea.

This was after a ship with a Hong Kong flag was stopped from transfering oil products to another vessel in South Korea. An Official Representative of the PRC Ministry of Foreign Affairs stated that "the situation did not correspond to the facts".