By Antoni Slodkowski
Chinese police are investigating a case of illegal foreign exchange activity and money laundering after tip-offs from the United States, state media said on Wednesday, in a rare instance of collaboration on narcotics between the two superpowers.
The U.S. and China restarted talks on counter-narcotics and law enforcement cooperation at the start of the year and China’s public security department lauded the case as a successful example of Sino-U.S. anti-drug cooperation.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
