"Security for the US, Preventing Capital Flight for China": Both Countries Tighten Money-Laundering Crackdowns, Mobilizing to Shut Down Illicit Financial Networks - https://economy.ac/
"Security for the US, Preventing Capital Flight for China": Both Countries Tighten Money-Laundering Crackdowns, Mobilizing to Shut Down Illicit Financial Networks - https://economy.ac/
Source: https://economy.ac/
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DW NOTE
When America talks anti-money laundering, it means keeping dollars under surveillance. When China does, it means stopping anyone from leaving. The US runs the correspondent banking system and can choke any institution it wants; China has $3.3 trillion in reserves and a populace that would rather hold it in Vancouver real estate than renminbi. One country is tightening because it can. The other because it must.