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How to deal with the exposure of China Bank helping immigrants to launder money?
China Bank's excellent Huitong business has been affected and has not been opened for the time being. We have been working hard to meet the limit of $50,000 per year for individuals required by the State Administration of Foreign Exchange. The tendency of overseas investment to transfer funds through banks and fund companies is restricted, but there is no restriction on individual foreign exchange remittance. Investment funds can be remitted by individuals, which is safer.
The declaration of overseas investment is actually a place that needs attention.
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