Anti-smuggling departments of customs across China carried out a series of special campaigns targeting smuggling in 2024, investigating more than 5,700 cases, the Ministry of Public Security said.
About 64 percent of these cases were criminal and involved tax evasion, according to the ministry. The departments focused on key goods such as refined oil, cigarettes and frozen marine products.
As part of these efforts, customs in Fuzhou, Fujian province, cracked a major case of refined oil smuggling.
Wealthy Asian families and family offices are ramping up their cryptocurrency investments, driven by the bullishness around digital assets, increased mainstream adoption and favourable regulatory developments
The Senate passed legislation on Tuesday that would regulate a form of cryptocurrency known as stablecoins, the first of what the industry hopes will be a wave of bills to bolster its legitimacy and
Switzerland on Wednesday said it had drafted new rules to tighten perceived cracks in its money laundering regulations, holding lawyers and consultants accountable for reporting risks and stepping up
The South Korean National Assembly accepted Bill No. 2204961, a proposal to amend the Value-Added Tax (VAT) Act as part of the 2025 budget package. The bill includes measures to encourage digital compliance,