China's Central Bank Looking Into Bank Of China Money Laundering Allegations: Xinhua

China's central bank is focusing on allegations by a central government television broadcaster that the People's Bank of China has been laundering money offshore for clients, the official Xinhua news service reported Friday, according to Reuters. "We have noticed the media report about a commercial bank's cross-border renminbi business, and are verifying related facts," the report quoted an unidentified spokesman of the Bank of China, which is one of the country's "big four" state-owned commerci...