Money laundering through China — systematic weaknesses are facilitating global financial crime
This article takes a look at the systemic weaknesses within China’s financial system that have been in the spotlight in recent years as a result of multiple money-laundering investigations spanning the globe.
China has responded to increased pressure and criticism that the mainland is “becoming a hub for international money laundering” through steady and ongoing improvements to its AML framework, but Beijing’s primary concern is countering is countering the outflow of money from the Chinese financial system.
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