China cracks down on black market

The People’s Republic of China has commenced a crackdown on black market financial operations.

A letter from the Chinese government sighted by DGN Online, indicated that recently, the Foreign Exchange Bureau of China cracked down on underground banks, money exchange company and money laundering agents.

According to the letter, “as long as foreign customers send money through some money company, every payment will be frozen.”

The Chinese government warned therefore that “thus, you need to send money to China by legal international bank. You need to protect your own money also protect our bank account.”

By Melvin Tarlue