Money Laundering: Director of Yihai International Investment Management Charged

As part of an ongoing investigation into suspicious financial operations, Li Hai, a 68-year-old Chinese national and company director residing in Domaine Les Pailles, has been provisionally charged with money laundering by the Financial Crimes Commission (FCC). The charges are based on articles 3(1)(b), 6, and 8 of the Financial Intelligence and Anti-Money Laundering Act of 2002, as well as article 44(1)(b) of the Interpretation and General Clauses Act.