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Suspected wildlife trafficker used ‘underground banks’ to launder funds for rhino horn deals, US alleges

By Samuel Rubenfeld ( October 7, 2022, 23:09 GMT | Insight) -- In July 2019, when meeting in Malaysia with a person purportedly seeking to buy rhinoceros horns using US dollars, Teo Boon Ching responded that they had to pay using Chinese renminbi and could conduct the transactions through an “underground bank,” according to an indictment unsealed today.In July 2019, when meeting in Malaysia with a person purportedly seeking to buy rhinoceros horns using US dollars, Teo Boon Ching responded that they had to pay using Chinese renminbi and could conduct the transactions through an “underground bank,” according to an indictment unsealed today....

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