Money laundering and online scams have risen precipitously, and arrests have spiked in turn. Photo: CCTV
Money laundering and online scams have risen precipitously, and arrests have spiked in turn. Photo: CCTV

Playing dirty: China faces off with increasingly sophisticated money launderers

  • As financial crimes, especially money laundering, grow more advanced, China’s system must evolve accordingly, central bank official warns
  • Combating scammers domestically will have positive effects for regions like Southeast Asia, where gangs rake in billions each year
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China aims to put auditors in cross hairs as national security concerns rise
Topic |   Scams and swindles
Money laundering and online scams have risen precipitously, and arrests have spiked in turn. Photo: CCTV
Money laundering and online scams have risen precipitously, and arrests have spiked in turn. Photo: CCTV

Playing dirty: China faces off with increasingly sophisticated money launderers

  • As financial crimes, especially money laundering, grow more advanced, China’s system must evolve accordingly, central bank official warns
  • Combating scammers domestically will have positive effects for regions like Southeast Asia, where gangs rake in billions each year
1 hour ago
Scams and swindles

Playing dirty: China faces off with increasingly sophisticated money launderers

1 hour ago
  • As financial crimes, especially money laundering, grow more advanced, China’s system must evolve accordingly, central bank official warns
  • Combating scammers domestically will have positive effects for regions like Southeast Asia, where gangs rake in billions each year

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Court of Final Appeal awards Khaw Kim Sun another chance to clear his name by ordering a retrial.

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‘We do not understand the interest’ in the bloc of leading emerging markets including China, despite membership being poised to start from January.

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Presidential candidate Javier Milei (centre) is flanked by his running mate Victoria Villarruel (left) and his sister Karina during a campaign rally in Buenos Aires on Saturday. Photo: AP

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Explainer | From 72 hours to 30 days: 4 visa-free ways to visit China by land, sea and air

China’s tourism sector was hard hit by three years of zero-Covid, but in October, officials confirmed travellers from dozens of countries can again arrive through several visa-free schemes.

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Grace Road Church has been accused of being a cult and its leaders charged with abuse, but its companies have also had a major impact on Fiji’s economy.

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Disney superfan gets peek at Hong Kong Disneyland’s new additions

Kaitey Wong, event planner at theme park, enjoys exclusive tour of ‘Dream Makers’ statue of Walt Disney and Mickey Mouse, and World of Frozen themed area as Disney celebrates 100 years.

 
Disney superfan gets peek at Hong Kong Disneyland’s new additions

Hong Kong Japanese restaurants lose patrons as they jet to the country on holiday

High-end Japanese restaurants, which thrived during pandemic as people could not travel, are closing.

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US not ‘trustworthy’, say Taiwanese, but security commitment is solid: survey

Washington’s response to Ukraine war cited as reason for mixed views, as island residents ponder what would happen if Beijing engaged them militarily.

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When the global telecommunications industry underwent a revolution, reducing the time it took for messages to reach their recipients from months to minutes, Hong Kong was well placed to take advantage.

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Why the telegraph was life-changing for Hong Kong, used to snail mail