Tencent Faces Huge Anti-Money Laundering Fine
Joenel2022-04-17T21:07:51-04:00Tencent is not a new name in Asian technology markets. However, finding their moniker in the list of confirmed criminal operations isn’t something one sees every day. Unfortunately, for the tech giant’s management, Beijing has other opinions working in full force. The Chinese government has identified Tencent as directly responsible for serious money management violations spelled out in financial regulations. The punishment will set records for how much Tencent will have to pay out in retribution. China has made 2021 the year that it got rid of massive crypto mining, but what was not overtly visible [...]