#Support
Hong Kong's Pro-democracy Fund Cannot Open an Overseas alAccount due to Operational Limitation, Calls for Nonthly Donation to Avoid Asset Freeze
The Hong Kong Police continues to freeze the assets of the Good Neighbour North District Church and former legislator Ted Hui, with the course of "fighting money laundering".
The 612 Humanitarian Relief Fund issued an announcement on Dec 17, 2020, stressing that the risk of fund blockade was unmeasurable. As their funding sources and expenses are generated locally, they were unable to open an overseas account due to operational limitation.
The 612 Fund believed that the best way to counter the authorities' oppression was receive monthly donations from the publuc through their website, so that their funds would not sum up.
Barrister Dr. Margaret Ng, one of the Funds' trsutees, confirmed it in her interview with Apple Daily, that multiple measures had been taken, including increasing transparency, balancing income and expenses, reducing savings amount and strengthening communication with the public.
She said, "We have taken precautions. We will keep the ledgers properly, and we have kept an good eye on our accounts, so that banks won't have a good reason to freeze us."
Source: Stand News #Dec17
#612Fund #ProtestersFund #MargaretNg #FailedBankSystem #PoliceState
Hong Kong's Pro-democracy Fund Cannot Open an Overseas alAccount due to Operational Limitation, Calls for Nonthly Donation to Avoid Asset Freeze
The Hong Kong Police continues to freeze the assets of the Good Neighbour North District Church and former legislator Ted Hui, with the course of "fighting money laundering".
The 612 Humanitarian Relief Fund issued an announcement on Dec 17, 2020, stressing that the risk of fund blockade was unmeasurable. As their funding sources and expenses are generated locally, they were unable to open an overseas account due to operational limitation.
The 612 Fund believed that the best way to counter the authorities' oppression was receive monthly donations from the publuc through their website, so that their funds would not sum up.
Barrister Dr. Margaret Ng, one of the Funds' trsutees, confirmed it in her interview with Apple Daily, that multiple measures had been taken, including increasing transparency, balancing income and expenses, reducing savings amount and strengthening communication with the public.
She said, "We have taken precautions. We will keep the ledgers properly, and we have kept an good eye on our accounts, so that banks won't have a good reason to freeze us."
Source: Stand News #Dec17
#612Fund #ProtestersFund #MargaretNg #FailedBankSystem #PoliceState