That very afternoon, the People's Bank of China, the State Administration of Foreign Exchange, and the CBIRC in Yuncheng, alongside America's CFPB and OCC, issued a joint investigative statement.
Gaoxin's three major violations—forging client lists, money laundering, and illegal capital flight—were verified as factual. Yuncheng slapped it with a fine of 300 million dollars, and since America has always severely punished financial crimes, its fine reached a staggering 4.5 billion dollars.
The initial cumulative fines totaled 4.8 billion dollars.
Chapter 486