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Beijing steps up fight against money laundering even as it tries to stem capital outflow breaches
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Chinese officials announced on Aug 15 a new office at the People’s Bank of China dedicated to fighting money laundering.
PHOTO: REUTERS
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BEIJING - China has dialled up its fight against money laundering, even as it ramps up efforts to staunch illicit outflows of funds.
Last Tuesday, officials announced a new office at the central bank, the People’s Bank of China, dedicated to fighting money laundering.
