MONEY LAUNDERERS EVER MORE INVENTIVE SAY DIRTY MONEY EXPERTS AND INSIDERS
April 21st, 2015
TO discover the best intelligence on money laundering, sometimes it is best just to ask the money launderers. Take China. There are numerous ways of getting dirty money out of China. The most common include smuggling a satchel of banknotes to Hong Kong (where Chinese Yuan Renminbi (CNY) is convertible), where it is washed through an over-priced (for quick transaction) purchase of real estate in the city, several Hong Kong real estate agents told the Money Laundering Bulletin.Just across the border from Hong Kong, in the sprawling city of Shenzhen, there are ...
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