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Police step up underground banks battle

By Zhang Yan | China Daily | Updated: 2015-10-16 07:52

Campaign aims to stop graft suspects sending illegally acquired proceeds abroad through money laundering

Police in China have intensified efforts to crack down on underground banks to prevent suspected corrupt officials from transferring their ill-gotten assets abroad through money laundering.

Crimes related to underground banks have become increasingly severe and complex, according to a senior Ministry of Public Security official.

Police step up underground banks battle

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