Tweet According to this article in the Wall Street Journal, the IRS and the government of China are negotiating an agreement whereby the US would provide financial information to the government of China on Chinese foreign nationals living in the US. The information provided to China will likely include asset, financial, corporate and personal information […]
Tweet The shares of Beijing-based Soho China, a premier commercial development company, fell 11% this week after allegations surfaced in China that the company may be involved in money laundering associated with the sale of 41 Soho China properties to Gong Aiai, for approximately HK$1 billion. Gong was arrested in China for allegedly using national […]
Tweet Surprising Decision Today, the Hong Kong’s Court of Final Appeal gave its reasons for judgment in the case of HKSAR and Yan Suiling. The Court quashed the conviction of Yan Suiling for money laundering in Hong Kong even though the Appellant, Yan admitted she engaged in illegal currency exchanges and accepted proceeds of crime […]