China’s strict capital controls have created the perfect market for money laundering efforts — but authorities are catching on.
Last October, the Justice Department unsealed an indictment in Alexandria, Virginia that charged six individuals with conspiring on American soil to launder $30 million in illicit proceeds for Latin American drug cartels.
According to the authorities, the sophisticated crimes were perpetrated with fake identities, shell companies and a network of brokers who — for a fee — found ways to move the illicit money from the streets of America, where the drugs were sold, to drug trafficking
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When Joe Biden took office, many of his supporters thought the first order of business would be unwinding Donald Trump's trade war with China. But his trade czar, Katherine Tai, has been largely MIA, a stark contrast to her predecessor, the fiery and ubiquitous Robert Lighthizer. So what has Tai been up to?
The academic tells us why it's important to understand the Chinese leader's political beliefs and where they come from — as well as their shortcomings.
Navigate China's Business Landscape with Confidence.