Chinese banks accused of money laundering | LSE Management

(London School of Economics) China has achieved phenomenal growth over recent decades, and its banks are now among the biggest in the world. Many are aggressively expanding overseas as the domestic economy slows, and in support of increasingly international ambitions of Chinese businesses. But, as they venture abroad, they are falling foul of regulations, especially anti-money laundering (AML) controls, indicating a pressing need for renewed focus on this issue.