Chinese gang jailed for operating £55m money-laundering ring

Top row (L-R) Ruolan Chen, Xiaoyu Shu, Ang Li. Bottom row (L-R) Yunchen Huang, Peng Liu, Qiji Wang, Yin Ying Wang.

2024-08-27  606  中等

Chinese citizens cannot transfer more than $50,000 (£38,000) for personal purposes out of the country a year. To regulate this, citizens are required to process all transactions through a foreign exchange account opened with a Chinese bank account.

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