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Chinese money setting sail for Caribbean with new bank

Bank of Asia (BVI) aims to receive huge flow of funds from China, help restore a dwindling source of revenue for BVI
Tuesday, May 16, 2017 - 05:50

Hong Kong

THE global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world's biggest banks.

So the British Virgin Islands has a solution: a bank to service offshore companies,

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