Airwallex sought way around Hong Kong anti-money laundering rules
The chief executive of Airwallex – one of Australia’s fastest-growing start-ups, backed by Chinese conglomerate Tencent and worth $US5.6 billion ($8.3 billion) – asked a senior executive whether it was possible to find a way around strict anti-money laundering laws in Hong Kong.
The Australian Financial Review can reveal that Jack Zhang, the payment giant’s billionaire founder and chief executive, questioned staff whether it was possible to circumvent international regulations designed to prevent money laundering and terrorism financing.
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