The dirty money of China's filthy rich

Explosive allegations about money laundering at the Bank of China should be a wake-up call for Australia, which is fast becoming a destination for illicit capital outflows from corrupt officials and businesspeople.

Earlier this week, China’s state broadcaster CCTV launched a blistering attack on one of the country’s most powerful government-owned financial institutions, the Bank of China, accusing it of money laundering and not complying with the country’s foreign exchange law.


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