BEIJING: China has uncovered 50 money laundering cases involving a total of 4.28 billion yuan, the central bank said.
The People's Bank of China (PBoC) said in a report on its website that it received 36,100 reports of what it described as suspicious transactions in yuan and 4.32 million reports of suspicious transaction in foreign exchange during the year. The reports were filed by financial institutions with operations across China.
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