Category: china money laundering

Italy Activates Anti-Mafia Commission to Investigate Chinese Infiltration

March 30, 2023
ChinaChina mafiachina money launderingChinese RegimeEuropeInternational RelationsItalymafiaWorld
0 Comment

The Italian government has activated the Anti-Mafia Commission to investigate the infiltration of the Chinese Communist Party (CCP) in the country. In addition to investigating the illegal activities of the Italian mafia, it will intensify efforts to combat the illicit activities of Chinese gangs, under the control of the CCP, infiltrating Italian society and collaborating…

Read More

Former Chinese Official Pleads Guilty in LA to Money Laundering Conspiracy

December 21, 2021
Archivedchina money launderingchinese officialLocal NewsLos AngelesNewsRegional NewsRegional-Local NewsSouthern CaliforniaUS
0 Comment

LOS ANGELES—A former Chinese official who was a fugitive for more than five years pleaded guilty Dec. 20 to a federal conspiracy charge that he laundered millions of dollars and used some of the stolen funds to purchase properties in Monterey Park—and he was immediately sentenced to time already served. Jianjun Qiao’s sentence includes the 24 months he spent…

Read More

Money Laundering Drives up Australian House Prices: Senate Hearing

November 10, 2021
Australiaaustralian property marketchina money launderingInternationalmoney launderingWorld
0 Comment

A Senate hearing has heard how illegal financial gains from overseas are being pumped into the Australian property market, driving up house prices across the country. “Australia has become the destination of choice for illicit financial flows … which too often end up in the property market,” Serena Lillywhite, the CEO of Transparency International Australia, told a Senate…

Read More

Chinese Use Social Media Apps in Marijuana Money Laundering Scheme

June 29, 2021
china money launderingColoradoCrime and IncidentsLocal NewsmarijuanaRegional-Local NewsUSUS News
0 Comment

A loophole in Colorado’s marijuana laws has prompted a group of people to engage in a dark occupation involving money laundering. This June, 21 people were accused of illegally growing and distributing marijuana in Colorado. The investigation found that Chinese social media apps played an active role in the drug proceeds being laundered back to…

Read More

China’s Nationwide Crackdown on Cryptocurrencies Fails to Block Cross-Border Money Laundering

June 15, 2021
Asia & PacificBusinessChinaChina Business & Economychina money launderingChinese Regimecryptocurrenciesdigital currenciesMarketsWorld
0 Comment

The Chinese Communist Party (CCP) on June 9 launched a nationwide campaign to prevent cross-border money laundering using virtual currencies (cryptocurrencies). This is the fifth time for such action and part of the CCP’s recent efforts to prevent capital flight and guard against financial risks. The People’s Bank of China (PBoC), China’s central bank, said…

Read More

Bitcoin Price Plummets After Beijing Warns of Crypto Crackdown

May 26, 2021
bitcoinBusinessChinaChina Business & Economychina money launderingChinese RegimecryptocurrenciesMarkets
0 Comment

After increasing in value for months, cryptocurrencies, led by Bitcoin, have recently depreciated across the board. Chinese state media admitted that it’s directly related to two recent moves by Beijing financial authorities. The first major action was on May 18, when National Internet Finance Association of China, China Banking Association, and Payment & Clearing Association…

Read More