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If this is the case, why wouldn't the state be in favor of strict AML regulations? Aren't they very afraid of Uighur terrorism? I'm not sure about the real risk of funding separatism, but I'd be surprised about the perceived risk not being realized by the state.

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I have a few guesses here. Firstly because the CCP is quite old Mao-style structure, old and bureaucratic. Lots of "regulations", little actions.

Other guesses like it's being setup, they're trying to avoid mass reactions from people, etc.

Just as a note, I'm quite sure Uyghurs have their bank account heavily tracked and wouldn't go away with transactions the same way Han Chinese would.

>>If this is the case, why wouldn't the state be in favor of strict AML regulations? Because their families might get caught in the billion dollars corruption schemes. And as others said, it may choke growth. USA wasn't always this strict with ML.

>>Aren't they very afraid of Uighur terrorism? No doubt that they are under heavy scrutiny.

Aren't they very afraid of Uighur terrorism?

They are and they aren't. Everything is monitored and probably xx% of Uighurs rats on their neighbors. It has happened before in Communist /East European countries. Brother against brother, neighbor against neighbor, son against father...

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