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Brazilian Police Target Chinese Money Laundering Scheme
Brazilian Federal Police on Tuesday launched an operation called Tai-Pan against a Chinese criminal organization accused of currency evasion and money laundering involving almost 6 billion reais ($1 billion) in the past five years, with China being the mainRead more https://www.theepochtimes.com/china/brazilian-police-target-chinese-money-laundering-scheme-5767225
Swiss Bank UBS Aims for Full Ownership of Securities Firm in China
Swiss bank UBS may become the first foreign financial institution to fully own a securities company in China, following the withdrawal of one of its partners from their joint venture, UBS Securities. Beijing State-owned Assets Management (BSAM) said it will China Dismisses Corruption Claims Against Defense Minister, Sparking Speculation of Military Power Struggles
The Chinese regime has rejected claims that its defense minister, Adm. Dong Jun, is under investigation for corruption. Experts say the emergence of such speculations signals brewing power struggles within the Chinese military. “It’s just shadow chasing,”