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Chinese Investors Look to Greece for Controversial ‘Golden Visas’: Report

Wealthy Chinese nationals are increasingly obtaining so-called “golden visas” from the Greek government despite concerns that such arrangements open the door for money launderers, The National Herald reported Sunday. Under Greek regulations, investors who buy land, property or securities worth at least €250,000 can obtain visas that include residency permits and… Read More

U.S. lawmakers urge sanctions over China’s treatment of Muslim minority

A bipartisan group of U.S. lawmakers on Wednesday faulted the Trump administration for failing so far to impose sanctions over China’s alleged human rights abuses against its Muslim minority and called for punitive measures against a senior Communist Party official and Chinese companies. A letter to President Donald Trump’s top… Read More

By spying on Huawei, U.S. found evidence against the Chinese firm

U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance that they plan to use in a case accusing the Chinese telecom equipment maker of sanctions-busting and bank fraud, prosecutors said on Thursday. Assistant U.S. Attorney Alex Solomon said at a hearing in federal court in Brooklyn that… Read More

28th March 2019

China expels ex-Interpol president from public office, party

AP — China said Wednesday that it has expelled former Interpol President Meng Hongwei from public office and the ruling Communist Party as he awaits trial on corruption charges. Meng was elected Interpol president in 2016, but his four-year mandate was cut short when he was detained without notice by… Read More

26th March 2019

Wife of missing Interpol chief seeks Macron’s help during Xi visit

The wife of the missing Chinese former head of Interpol said she had written to French President Emmanuel Macron to ask for his help on the eve of a visit by his counterpart . Grace Meng told France 24 she had not heard from her husband Meng Hongwei since he… Read More

4th March 2019

Huawei CFO suing Canada over December arrest

The lawyers for Huawei Chief Financial Officer Meng Wanzhou are suing the Canadian government, its border agency and federal police, alleging their client was detained, searched and interrogated for three hours in violation of her constitutional rights. Canada arrested Meng in Vancouver on Dec. 1 at the request of the… Read More

28th February 2019

UK Officials to Freeze Student Bank Accounts Linked to Organized Crime

UK law enforcement officials are seeking court orders to freeze 95 bank accounts mostly held by overseas students as part of an investigation into money laundering by organized crime groups. The multi-agency effort, led by the newly created National Economic Crime Centre (NECC), is targeting £3.6 million believed to be… Read More

26th February 2019

HSBC probe helped lead to U.S. charges against Huawei CFO

An internal investigation by HSBC Holdings PLC into Huawei Technologies’ connections to a suspected front company in Iran found that the Chinese telecommunications equipment maker maintained close financial ties to the firm years after purportedly selling the unit, documents reviewed by Reuters show. Huawei came in late 2016 and 2017… Read More

20th February 2019

China seizes $1.5 billion in online lending crackdown

AP — Chinese police have investigated 380 online lenders and frozen $1.5 billion in assets following an avalanche of scandals in the huge but lightly regulated industry, the government announced Monday. Beijing allowed a private finance industry to flourish in order to supply credit to entrepreneurs… Read More

18th February 2019

UK concludes it can mitigate risk from Huawei equipment use in 5G: FT

The British government has decided it can mitigate the risks arising from the use of Huawei Technologies Co Ltd in 5G networks, the Financial Times reported on Sunday, citing two sources familiar with the conclusion of Britain’s National Cyber Security Centre (NCSC). The conclusion reached by Britain would “carry great… Read More

11th February 2019

Schumer announces fentanyl sanctions bill before China talks

AP — The Senate’s top Democrat is introducing legislation to “hold China accountable” and sanction laboratories and other traffickers who export fentanyl to the United States. The bill, which will be introduced by Sen. Charles Schumer, of New York later this week, is likely to add to growing tension between… Read More

30th January 2019

Huawei’s Meng appears in court as Canada mulls U.S. extradition

Huawei Technologies Co Ltd’s chief financial officer, the central figure in a high-stakes dispute between the world’s two largest economies, made her first appearance in a Canadian court in more than a month on Tuesday as Ottawa weighs extraditing the Chinese executive to the United States. Meng Wanzhou, daughter of… Read More

24th January 2019

Canadian ambassador: Huawei exec could avoid US extradition

AP — Canada’s ambassador to China said he thinks a top Chinese executive has a strong case to avoid extradition to the United States and said he hopes she will be released soon in remarks one of his predecessors called “mind-boggling.” Ambassador John McCallum told Chinese… Read More

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