SAFE Uncovers 7.3 Billion US Dollars Worth of Illegal Hot Money Transfers in Past 8 Months
Published:
2010-10-29
The State Administration of Foreign Exchange announced yesterday that since February, they have uncovered 7.3 billion US Dollars worth of illegal hot money transfers. A total of 178 cases have been reported to or dealt with by the police and 6 Chinese banks were fined for their involvement in the illegal transfers.
Source
Beijing Morning Post
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