Monday, February 1, 2016

Canadian banks helping clients bend rules to move money out of China - The Globe and Mail

Canadian banks helping clients bend rules to move money out of China - The Globe and Mail: "Some Canadian banks allow wealthy Asian investors to skirt Chinese law by helping them bring in large amounts of money that is often used to buy real estate in Vancouver.

Financial institutions in the area have flagged more than 8,200 suspicious transactions since January, 2012, the year China began cracking down on citizens they suspect of corruption."



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