remittances

Singapore remittance clampdown: innocent funds caught in China’s anti-money-laundering crusade, experts say

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Cross-border payment experts said innocent money remitters in Singapore were likely caught up in increasingly common money laundering raids by Beijing that freeze Chinese accounts as part of their investigations. China has been stepping up its crackdown on money laundering activities by criminals such as scammers who use “money mules”, third party individuals or company … Read more