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asia

Tencent Could be Fined for Anti-Money Laundering Violations

By
Shai Oster
· · Source: The Wall Street Journal

China’s central bank found violations of anti-money laundering rules during an inspection of Tencent’s hugely popular WeChat mobile payments platform, The Wall Street Journal reported. The report said the company could face a record fine for breaches of China’s know-your-customer and know-your-business regulations, as well as for allowing the laundering of gambling proceeds. China has been...

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