CHINESE SECURITY CONCERNS ARE UNDERMINING DUE DILIGENCE EFFORTS DESIGNED TO UNCOVER FRAUD
January 5th, 2024
Fraud and deception thrive in opacity and ignorance, and these problems are increasingly present in the business world of mainland China, experts are warning: “Acquiring accurate information about Chinese corporations, business relationships and supply chains has never been more difficult and is growing more difficult by the day.” That was the testimony by Matthew Pottinger, deputy national security adviser in the Trump presidency, to the US House of Representatives foreign affairs committee on January 17 (1).
This opacity is a “deliberate feature” of ...
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