In a decisive push against corruption, the Chinese mainland has launched a new campaign, codenamed "Sky Net 2025," aimed at tracking down corruption fugitives, recovering illegal proceeds, and combating cross-border graft. This initiative underscores a commitment to deepening international anti-graft cooperation and maintaining relentless pressure on those involved in illicit financial transfers.
In a recent meeting of the office for fugitive repatriation and asset recovery under the Central Anti-Corruption Coordination Group, officials outlined coordinated efforts across multiple agencies. The National Commission of Supervision will lead operations to reclaim illegal proceeds from duty-related crimes, while the People’s Bank of China, working with the Ministry of Public Security, will target the transfer of illicit funds abroad via offshore companies and underground banking systems.
Building on the success of the previous "Sky Net 2024" campaign—which saw the repatriation of 1,597 corruption fugitives and the recovery of over 18.28 billion yuan (approximately $2.55 billion) in illicit assets—the new campaign promises to harness advanced investigative techniques and robust international collaboration. This dynamic approach reflects a global trend toward enhanced transparency, accountability, and the use of digital tools to fight financial crime.
By intertwining data-driven strategies with coordinated regulatory efforts, "Sky Net 2025" marks a significant evolution in the battle against corruption. The Chinese mainland’s proactive move not only reinforces domestic anti-corruption measures but also contributes to a more secure and transparent international financial environment.
Reference(s):
cgtn.com
