Chinese Money Launderers Move Billions Out of Country
Banks, casinos, other financial institutions ready targets
Chinese criminal networks are suspected of having laundered as much as US$312 billion between 2020 and 2024 in illicit funds through casinos, banks, and money service businesses such as currency dealers or exchanges, check cashing businesses, and traveler's checks, according to a new report issued in late August by the US Financial Crimes Enforcement Ne…
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