China launders cash of foreign criminals

“Scam artists, drug cartels and gangs from around the world have found a new haven for laundering money: China. The country’s well-developed underground financial networks have caught the attention of foreign criminals who are using China to clean their dirty money and pump it back into the global financial system — largely beyond the reach of Western law enforcement, an Associated Press investigation has found.”

Source: AP Investigation: China launders cash of foreign criminals

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