Offshore Money Laundering in China

in Business Risk

According to a report by the Central Bank in China, over $120 Billion were stolen from government accounts by corrupt government officials and money laundering methods between the mid 1990s until 2010.

The United States was reported to be a top destination for the stolen funds.

Source: Associated Press, “China plans to step up fight against corruption,” Google News, June 22, 2011.

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