TIDE OF CHINESE MONEY LAUNDERING CHANGES – WITH FLOWS FROM EUROPE TO CHINA GROWING
May 1st, 2017
A case detected last May (2015) at Lisbon international airport, Portugal, says much for the worrying scale of the laundering of illicit funds from Europe into mainland China. A nondescript Chinese couple travelling from Lisbon to Shanghai via the United Arab Emirates’ (UAE) Dubai was stopped carrying more than EUR1 million in large denomination notes found elaborately wrapped in ‘danger, chemicals’ packaging within packets marked ‘FRAGILE’. The cash packets raised the suspicions of airport security who found them concealed in clothes and blankets in ...
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