Li Ruogu: China active in fighting against money laundering
From Xinhua – English: China has become an important country in fighting against money laundering and terrorist financing by actively taking part in international cooperation, Deputy Governor of The...
View ArticleGuo Nei: Law in pipeline to ban money laundering
From China Daily: China is speeding up legislation of its first anti-money laundering law, the draft of which will be submitted to the National People’s Congress, China’s top legislature, for review...
View ArticleDrug cartels ‘laundering cash in China’– Guy Dinmore
From the Financial Times (link): The US on Wednesday expressed concern that ever more sophisticated drug-trafficking cartels were using China’s inadequately controlled financial system to launder...
View ArticleNo More Gambling on N. Korea – Barbara Demick
From the Los Angeles Times (link): In February, Macao‘s banking regulators froze $25 million worth of North Korean accounts in the Banco Delta Asia, a bank the U.S. Treasury Department had accused in...
View ArticleChina passes first anti-money-laundering law – Andrew Yeh
From Financial Times: Beijing has passed its first law targeting money-laundering, a sign of the government’s growing concern over the pervasiveness of financial crime. China’s legislature on Tuesday...
View ArticleChina Uncovers Money Laundering – AP
From AP via Business Week: Chinese authorities have found seven big underground banks involved in money laundering cases worth more than 14 billion yuan (US$1.75 billion;euro1.3 billion), the official...
View ArticleEx-president Barred From Leaving Taiwan
From AFP: Taiwan’s former president Chen Shui-bian has been barred from leaving the island and his office raided on money-laundering allegations implicating him and his family, officials said Sunday....
View ArticlePaper Trail Shows Millions Laundered
From Economic Observer Online: Only eight years after mysterious, lightning-quick transactions shuttled millions of yuan through his trading accounts did Yu Yinzeng realize that he might have been part...
View ArticleTaiwan Prosecutor in Hong Kong For Chen Probe: Report
From AFP: A Taiwanese prosecutor has flown to Hong Kong as part of a investigation of former president Chen Shui-bian and his family for alleged money laundering, a report here said on Tuesday. The...
View ArticleChina’s Anti-money Laundering Strategy Launched
From China Daily: China’s first anti-money laundering strategy was released today by the Central Bank and anti-money laundering departments, chinanews.cn reported. The strategy focuses on the...
View ArticleReuters: Heywood Killed After Threatening Bo’s Wife
A police investigation suggests that Neil Heywood was poisoned after threatening to expose the financial dealings of Gu Kailai, wife of now-deposed Chongqing Party chief Bo Xilai. From Reuters: It was...
View ArticleReport: Gu Kailai Confesses to Heywood Murder
The Asahi Shimbun is reporting that Gu Kailai has confessed to killing British businessman Neil Heywood to keep him from revealing the details of her large and illegal overseas remittances, according...
View ArticleU.S. Looking into China’s Business With Iran
Following its investigations of HSBC and Standard Chartered in recent weeks, U.S. prosecutors now say they have discovered evidence that Chinese banks may have played a role in transferring money to...
View ArticleThe Highs and Lows of China’s High Rollers
Al Jazeera’s Witness this week features a documentary about gambling addicts in Hong Kong. High/Low follows two Hong Kong locals who have lost money, pride, and the trust of loved ones around them....
View ArticleMinitrue: Bank of China Launders Money, Says CCTV
The following censorship instruction, issued to the media by government authorities, has been leaked and distributed online. The name of the issuing body has been omitted to protect the source. Delete:...
View ArticleHSBC Caught Between China and West Over Huawei, HK Security Law
While TikTok has taken Huawei‘s place as the main corporate focal point for escalating tensions between China and the United States, the difficulties of navigating this conflict are confronting...
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