(Channel NewsAsia) WASHINGTON: Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks."
Read MoreDRUGS, FAKES & MONEY LAUNDERING
China's ICBC appoints former FDIC chief Bair as independent director→
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Reuters: Industrial and Commercial Bank of China Ltd (ICBC) has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation (FDIC), as an independent non-executive director.
Read MoreTaobao tightens rules over sale of books and magazines published outside China→
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(SCMP)Taobao, the e-commerce platform operated by Alibaba Holdings, has tightened rules over the resale of books and magazines published overseas on the online marketplace.
Read More800 held in China after crackdown on underground banks in 2016→
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(PTI) Over 800 people have been detained in China last year for their alleged involvement in illegal banking activities to the tune of 900 billion yuan (USD 131 billion), officials said on Sunday.
Read MoreVolumen de transacciones en la plataforma LocalBitcoins registra máximo histórico en China→
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(Criptonoticias.com) China, uno de los países más importantes en el ecosistema de bitcoins, sigue experimentando cambios en su comunidad y mercado en diferentes facetas. Además de las actividades regulatorias protagonizadas por el Banco Popular de China, las recientes diversificaciones en las cuotas de poder procesamiento global de sus grupos de minería y la pérdida del liderazgo del Yuan como moneda fiduciaria principal en el comercio de bitcoins, hoy otro fenómeno aparece: la explosión del volumen de bitcoins intercambiados en la plataforma de intercambio LocalBitcoins.
Read MoreChina Is Developing its Own Digital Currency→
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(Bloomberg) China’s central bank is going digital. After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from buying noodles to purchasing a car.
Read MoreChina's OxyContin Boom Is a Gold Mine for This Drugmaker →
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(Bloomberg) With its harsh anti-narcotics laws and painful history with debilitating opium epidemics in the 19th-century, China wouldn’t spring to mind as a promising market for OxyContin, a painkiller that has been at the center of an opioid addiction outbreak in the U.S. Yet in China, powered by soaring cancer rates and an aging population, OxyContin is turning into a hit. And the drug company behind the brand is giving sales an added boost through an outreach push to physicians and by working with the most powerful of allies—the Chinese government.
Read MoreHow Alibaba deployed Big Data to combat China IPR pirates and counterfeiters - Recode→
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(Recode/Alibaba)
Last year, in a three-month pilot called “Cloud Sword,” we improved our data modeling to increase the accuracy in finding and deleting listings for counterfeit products. We also improved our network DNA source-tracing to more effectively crack down on counterfeit sellers and their entire supply chain, from upstream to downstream. At the same time, we increased our data quality, enhancing the management of leads for cases we bring to the authorities.The pilot program involved 11 cities in Zhejiang Province. We provided 385 leads to the Zhejiang Province Economic Investigation Team, leading to the arrest of 300 people under 169 separate cases, involving goods valued at RMB816 million.
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EU intensifies fightback on counterfeit goods→
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(FT.com) The EU has been intensifying its crackdown on fake products — including watches, perfume, mobile phones and pharmaceuticals — that can now be found all too easily on the worldwide web.
Read MoreRubio helps introduce legislation to stop import of fentanyl, carfentanil via the mail→
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(Bradenton News) U.S. Sen. Marco Rubio and other lawmakers Tuesday introduced the newest version of the Synthetics Trafficking & Overdose Prevention, or STOP, Act as part of effort to restrict the flow of powerful synthetic opioids into the country via the U.S. Postal Service.
Read MoreFake Ferrero and Mars chocolate seized in China→
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(Confectionary News) Chinese police recently seized 300,000 counterfeit chocolate pieces during the 2017 Lunar New Year worth around 700 RMB ($102) per box, after a wedding candy store owner received complaints from local consumers.
Read MoreAustralian property market: Chinese investment investigated→
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(News.com.au) - AUSTRALIA’S money laundering watchdog investigated more than $3 billion in suspicious transfers by Chinese investors last year, including $1 billion in property transactions.
Read MoreCounterfeit Chinese and Indian drugs invade Africa→
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(EurActiv.com) Over the course of just two weeks, the World Customs Organisation (WCO) seized 113 million antimalarial, anti-inflammatory and antibiotic tablets bound for Africa. The true extent of the problem remains unknown.
Read More22 arrested, 550 kgs of drugs seized in China →
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(Hindustan Times) Police have arrested 22 suspects in connection with producing illegal drugs and seized 550 kilogrammes of ketamine in southwest China’s Guizhou Province, authorities said on Monday.
Read MoreTop China police drugs buster ‘dies from overwork’→
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(The Star Online) CHINA: A veteran anti-narcotics officer in southwest China died suddenly after working overtime for many days without a break, according to Chinese media reports.
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