US and China Join Forces to Combat Money Laundering

Amidst geopolitical tensions, the United States and China have agreed to cooperate in tackling the growing threat of money laundering. Both countries will establish a bilateral forum to address the issue, which has become a significant concern due to the rise of underground Chinese networks with advanced technologies enabling rapid money laundering. This cooperation demonstrates a common ground between the two superpowers in combating transnational crime and protecting financial systems.

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