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Bank of China ordered to release counterfeiters' records

Business Insider - 7 Oct 2015 06:16
Bank of China ordered to release counterfeiters' records SHANGHAI (AP) -- A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags and wallets in the U.S. The decision could have far-reaching impact on the ability of U.S. courts to extract information about criminal activity from Chinese banks, which serve as safe havens for counterfeiters and money laundering on a large scale, investigations and lawsuits in ...
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