The People's Bank of China, the central bank, would work with four ministries to crack down on underground banks, offshore company accounts and other illegal means of transferring cash gained from corruption. Photo: Bloomberg

China moves to stop use of offshore entities to transfer ill-gotten wealth

Central bank leads campaign to stop overseas transfers of ill-gotten wealth

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The People's Bank of China, the central bank, would work with four ministries to crack down on underground banks, offshore company accounts and other illegal means of transferring cash gained from corruption. Photo: Bloomberg
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