CHINA
According to Erika Kinetz, based on recent police investigations and lawsuits in Europe and U.S., China is offering many money-laundering methods (Kinetz, 2016). Some are,
• Import and export activities,
Using bank accounts in China and Hong Kong, three Columbians located in China, laundered over a $5 billion US for drug cartels in Mexico and Columbia. The money was used to purchase fake goods (copies of expensive brands in clothes, shoes, bags, etc.) in China which were later shipped to Columbia and other export markets.
• Informal money transfers,
Fei Gian (flying money) is an illegal money transfer method Israeli networks use to launder money through Chinese immigrants across Europe. Chinese ...
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