News Analysis China is implicated in Iran’s international money laundering system, according to a new report by The Wall Street Journal. The Journal “reviewed financial transactions for scores of Iranian proxy companies in 61 accounts at 28 foreign banks in China, Hong Kong, Singapore, Turkey and the United Arab Emirates totaling several hundred million dollars,” according to the exclusive report, published on March 18. “Western intelligence officials say there is evidence of tens of billions of dollars of similar transactions,” it said. All of the countries mentioned, plus the territory of Hong Kong, have close ties to Beijing. Hong Kong is under full control of the Chinese Communist Party, which abrogated the city’s independent freedoms conclusively in 2017. The magazine Foreign Policy has called Turkey a “Chinese client state.” The Singapore public is a global outlier in its support for China, with 64 percent having a positive view of the …
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