09 Aug 2016
Suspected criminal proceeds or undeclared money seized from Chinese travelers has more than doubled in Canada since 2013, as the rate of capital flight from China continues its unprecedented pace.
According to recent numbers from the Canada Border Services Agency, airport officials confiscated $11.5 million CAD in non-reported currency and “monetary instruments” in 2015, up from $5.5 million two years earlier.
The number in 2016 could be even higher if the amount discovered thus far — $6.5 million — is any indication.
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