Mainland China
Follow developments in anti-money laundering, financial regulation, cross-border financial crime and enforcement in Mainland China. Coverage includes regulatory changes, institutional reforms, financial sector obligations and developments affecting businesses operating across borders.
-
China Tightens Tax Rules on Offshore Trusts as Cross-Border Wealth Scrutiny Expands
China has brought offshore trusts directly into its individual income tax framework, requiring taxpayers to report and pay tax both when assets are transferred into…
Read More » -
Gold Market Used to Launder Nearly RMB 6 Million in Fraud Proceeds, Chinese Report Reveals
According to China’s CCTV Finance, nearly RMB 6 million (approximately USD 830,000) stolen from an elderly fraud victim was converted into physical gold within minutes—highlighting…
Read More » -
Hong Kong and Mainland Police Arrest 69 in HK$200 Million Money Laundering Case
A joint operation followed an investigation into a cryptocurrency romance-investment scam that led police to 173 other victims and more than 100 suspected mule accounts.…
Read More » -
Former Jiangxi Official Hong Lihe Sentenced to 20 Years for Bribery and Money Laundering
A Chinese court has sentenced former Jiangxi official Hong Lihe to 20 years for bribery, abuse of power and money laundering.
Read More »