08 Feb 2017
Published in News

Alibaba acquisition of MoneyGram would spotlight a lackluster Chinese AML regime

A deal for the payment affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd to buy U.S. money-transfer company MoneyGram International Inc has the potential not only to rattle the international funds transfer landscape, but also to pressure China to bolster a lackluster anti-money laundering regime, anti-money laundering professionals said.