[Mayflower Analysis] Carrie Lam and Her Piles of Cash, Thanks to the Sanctions
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On August 7, 2020, in Washington DC, the U.S. Treasury announced imposing sanctions on 11 Hong Kong officials. On November 27, Lam publicly said "I have piles of cash at home." Carrie Lam’s example has proved that the sanctions are effective. And Panama Papers also indicated the possibility of officials in China and Russia being sanctioned in the future