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China restricts money flowing out so laundering that cash may not have been tied to an actual crime.
by chrischen 9y ago
China restricts money flowing out so laundering that cash may not have been tied to an actual crime.
- abakker 9y agoIs facilitating committing a crime somewhere else better?
- seanmcdirmid 9y agoIt usually is gray money though, earned by skimming huge capital works projects, bribes, or whatever. For non-party-nobles who earn money via our jobs, the $50k exchange limit is probably enough for anything you would need to do. The whole point to get the money out of china is as insurance if Xi decides to crack down on that official for corruption (they are mostly all guilty of it, so all they have to do is fall out of favor), then all they have to do is get out of the country and lead the good life.