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Chinese Underground Banks Come Under Scrutiny From Both The US And China – Analysis

Eurasia Review Thursday, 5 June 2025 ()
By Peng Maocheng

The Wall Street Journal recently reported that the U.S. Department of Justice has uncovered a large-scale money laundering case involving a Chinese underground banking network. Over the course of just four years, this network transferred more than USD 50 million in drug proceeds and collaborated with...
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