Posted inChina, Hong Kong, Macau, Russia, World

Chinese banks, HSBC caught up in huge money laundering scam

Several of China’s state-controlled banks, as well as HSBC’s Hong Kong branch, have allegedly processed hundreds of millions of US dollars from a vast money-laundering operation run by Russian criminals with links to the Russian government and the spy agency FSB. Documents obtained by the Organized Crime and Corruption Reporting Project show that at least US$20 billion was […]

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