underground bank

China Uncovered First Case of Underground Bank Using Game Time Cards

The Chinese Communist Party's (CCP) strict controls on foreign exchange have led to a proliferation of underground banks. Shanghai police recently cracked the first case of an underground bank selling ...

November 4, 2021BY Winnie Han
China Insider: Defense Bill Orders U.S. Treasury to Probe Chinese Money Laundering

The U.S. Treasury Department will investigate the risks posed by China’s money laundering and develop a strategy to ...

January 19, 2021BY Epoch Videos
Chinese Ramp Up Illegal Money Transfers

Official or unofficial, capital is still moving out of China

November 5, 2015BY Valentin Schmid

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