U.S. says no banks linked to people sanctioned over Hong Kong crackdown

The U.S. Treasury said on Friday it has not has not identified any foreign financial institution "that has knowingly conducted a significant transaction" since Oct. 14 with individuals deemed responsible for China's crackdown in Hong Kong.

The Treasury assessment was required under a State Department report in October that put international banks on notice that they would face sanctions if they were found to be doing business with U.S.-blacklisted officials in Hong Kong.