China-US cooperation: Case involving illegal forex transactions under probe

Illustrative photo - Reuters

BEIJING: Following a United States clue on drugs and money laundering, Chinese police have launched an investigation into a case involving illegal foreign exchange transactions, China's Ministry of Public Security said Wednesday (June 19).

The investigation has found that, since 2017, the suspect surnamed Tong started a car dealership in the United States and offered exchange services between Chinese yuan and US dollars.

The operation later evolved into criminal activities including the illegal trading of foreign exchange.

Tong has already been arrested, and further investigations are underway, said the ministry.

The ministry noted that the case is a prime example of recent China-US anti-drug cooperation. - Xinhua/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , US , cooperation , case , illegal , forex transactions , probe


Next In Aseanplus News

Asean news headlines as at 10pm on Wednesday (July 24)
Narcotics agency warns Bali could become top target for transnational drug kingpins
‘Troika mechanism ongoing in support to resolve problems in Myanmar: Mat Hasan
Not prepared’: Filipinos recall deadly 2009 typhoon as floods paralyse Manila
Myanmar junta official ‘hopeful’ for Myanmar to regain normal status in Asean
Komodo dragons have teeth coated in iron to kill prey: study
13 months’ jail for CEO who assaulted elderly man, causing fractures
Angkor set to hum with supercars as Gumball races across kingdom
No sale of passports will be allowed in Thailand, promises Anutin
MetMalaysia issues Level 1 hot weather alert for four areas

Others Also Read