English By Lin Yang Share on Facebook Print this page WASHINGTON - The U.S. Treasury Department will investigate the risks posed by China’s money laundering and develop a strategy to defend against them, according to language in the National Defense Authorization Act of 2021 requiring specific inquiry into what experts have long called a serious threat.
Targeting China underscores U.S. congressional lawmakers’ concerns over the lack of transparency in China’s financial regulatory system and “who really controls shell companies being used to move billions of dollars through and within its borders,” wrote Nate Sibley, a research fellow at the Hudson Institute, in an article on the think tank’s website.