Source: China – South China Morning PostChina has a long way to go to clamp down on money laundering, despite renewed efforts to root out illicit financial flows that could endanger the country’s financial system.Beijing on Wednesday launched a three-year action plan to combat underground money flows that are most often seen in cases of corruption, tax evasion and organised crime.The campaign is being led by the People’s Bank of China (PBOC) and the Ministry of Public Security, and has been joined by agencies including the anti…Read More