Chinese police break up criminal syndicate for illicit transfers of US$4.4 billion through Macau casinos

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Chinese police break up criminal syndicate for illicit transfers of US$4.4 billion through Macau casinos

Screen grab of a January 22, 2019 video showing police in Beijing and Macau breaking up a criminal syndicate that had used mainland-registered point-of-sales (POS) machines to illegally transfer 30 billion yuan (US$4.4 billion) of capital from China, in one of the largest cases of capital flight. Source: BEIJING YOUTH DAILY

  • The suspects smuggled point-of-sales (POS) machines to Macau, using them to disguise the locations of fund withdrawers to help them move 30 billion yuan (US$4.4 billion) of cash out of mainland China

Topic |  
Macau

Screen grab of a January 22, 2019 video showing police in Beijing and Macau breaking up a criminal syndicate that had used mainland-registered point-of-sales (POS) machines to illegally transfer 30 billion yuan (US$4.4 billion) of capital from China, in one of the largest cases of capital flight. Source: BEIJING YOUTH DAILY

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