A Chinese crackdown on money-laundering has uncovered 330 possible cases involving more than US$1 billion (euro 790 million), the government said Thursday.
The cases, found from January to June, have been handed over to prosecutors, state television reported, citing the government's foreign exchange regulator.
In one case, regulators were alerted by a surge of foreign exchange transactions totaling US$17 million (euro 13.5 million) through one bank, the report said. It said the money was tracked to a casino boss in the Chinese territory of Macau who collected the money from mainland gamblers.
China has been under pressure from other governments to tighten controls on money-laundering and other financial transactions by cross-border criminals such as drug traffickers.
The television report Thursday didn't give any details of other possible cases found by Chinese investigators.
Source: Forbes
