China cracks down on underground bank responsible for $64B of illicit FX transactions
Police in east China's Zhejiang Province have broken the country's largest underground bank, which has carried out illegal Forex transactions of RMB 410 billion (US$64 billion), according to a report by Xinhua news agency, referring to sources at the Ministry of Public Security. The crackdown comes as a part of an investigation that started in September…
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