Comments by "林子倫" (@zilun) on "Hong Kong leader Carrie Lam says she gets around sanctions by collecting her salary in cash" video.

Not really. Bank of China moves transaction using SWIFT like all other bank, which U.S. can deny Bank of China of its code.
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KK Fan Private banking doesn’t mean it’s immune to audits or operate outside financial system. Private banks just aren’t for servicing public masses but focus on providing more personalized financial management services. But they still have to adhere to laws and still move funds the same way. As for local small banks, those are high risks, especially ones in China. Many such banks in China are collapsing already due to loans they gave out ( which is bank customers’ money ) not being paid back.
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@sideleyOriginal U.S. isn’t even looking into accounts of people being blacklisted, U.S. simply just sanction banks which dare do businesses with these people. These people aren’t sanctioned over financial fraud or money laundering, but for assisting CCP’s malice. Basically, U.S. is treating these people like terrorists. Any bank which do transactions for terrorists, even unknowingly, will be in deep trouble. It’s bank’s responsibility to know who their customers are and where customers’ money came from.
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KK Fan Smuggling cash. China puts a limit on how much an individual can transfer out of China per year, and that limit is unrealistically low. So, there’s no way it’s transferred via banks. Plus, Chinese are notorious for buying multi-million dollar homes in North America with cash. Turn cash into real estate, years down the road, sell real estate and have sales proceed go into a bank account. That’s one of the 1,000 ways Chinese citizens tax are stolen and stashed outside of China.
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you know I am right pp That doesn’t work, dude. You have no idea how strict U.S. is with banks.
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KK Fan I meant there is a limit for LEGAL transactions. Which is why, they resort to smuggling cash out ILLEGALLY.
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@sideleyOriginal You are not understanding what's going on. Any bank that DOES BUSINESSES with people blacklisted by U.S., will be fined, blocked, rendered non-operational, whatever. U.S. only needs to know a bank has Lam as a customer. That's all the "proof" required. whichbank failed to catch, it's still the bank's fault.
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@sideleyOriginal Ugh. U.S. only need to show a bank has Lam as a customer. It doesn't need to proof what types of financial services were provided for her. And ALL banks have to file their customers, and when U.S. ask for files, banks HAVE TO submit. It's called LAW.
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