CHINA’S GOVERNMENT FLEXES ITS MONEY TO FIGHT MONEY LAUNDERING FINANCE STILL FLOWS OVERSEAS

China appears to be stepping up a gear regarding its fight against money laundering, judging by the propaganda campaign ongoing across the country this winter. Uniformed staff of the Postal Savings Bank of China have, for instance, been out on the streets of the city of Jian in Jiangxi Province, handing out leaflets to pedestrians warning about the dangers of money laundering. Meanwhile, dressed in matching yellow jackets and shaking their fists for media cameras, staff of the state-run Bank of Communications spent a day in the streets of Zhongshan, a wealthy ...


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