On July 30, 2019, the US Court of Appeals for the DC Circuit unanimously upheld a district court order requiring three unnamed Chinese banks to produce financial records subpoenaed by US federal prosecutors. Although the US government does not currently suspect that the subpoenaed banks took part in wrongdoing, the banks were allegedly used by […]

The U.S. Treasury Department’s Financial Crimes Enforcement Network and its counterpart in China signed a memorandum of understanding Friday for expanded U.S.- China collaboration to fight money laundering and terrorism financing. FinCEN director Jennifer Shasky Calvery and the chief of the China Anti-Money Laundering Monitoring and Analysis Center, Luo Yang, signed the agreement. Calvery said. […]