The central government deploys the "Sky Net 2026" operation, with multiple departments collaborating to crack down on underground banks transferring illicit funds overseas.

MarsBitNews · 2026-04-05T03:17:03+00:00

Mars Finance reports that according to Xinhua News Agency, the Central Anti-Corruption Coordination Group's Office for International Fugitive Pursuit, Asset Recovery, and Cross-Border Corruption Governance held a meeting to launch the "Sky Net 2026" campaign. Among them, the National Supervisory Commission is leading a special operation to recover illicit assets and prevent losses related to overseas corruption crimes. The Ministry of Public Security is conducting the "Fox Hunt" special operation. The People's Bank of China, in conjunction with the Ministry of Public Security, is carrying out a special campaign to prevent and combat the transfer of illicit funds abroad through offshore companies and underground banks. The Central Organization Department, together with the Ministry of Public Security and the National Immigration Administration, is working to improve the management of "naked officials" in their positions and address issues related to public officials traveling abroad (overseas) for private reasons.

MarsBitNews

2026-04-05 03:17:03

Mars Finance News: According to Xinhua News Agency, the Office of the Central Anti-Corruption Coordination Group for International Pursuit of Fugitive Assets and Recovery of Ill-Gotten Gains and for Cross-Border Corruption Governance held a meeting to launch the “Tianwang 2026” campaign. Among them, the National Supervisory Commission leads a special action to pursue and recover overseas assets and make restitution for duty-related crimes; the Ministry of Public Security carries out a special “Fox Hunt” campaign; the People’s Bank of China, together with the Ministry of Public Security, carries out a special action to prevent and crack down on the transfer of criminal proceeds overseas using offshore companies and underground banks; the Organization Department of the CPC Central Committee, together with the Ministry of Public Security and the National Immigration Administration, works to properly manage the posts of “naked officials” and to govern violations by public officials in connection with private travel abroad (including departures from and entries into) border areas.

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