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Politico: Chinese grab for U.S. money transfer giant sets off alarms
The purchase by Ant Financial, which is partially owned by the Chinese government, poses a test for the Treasury Department oversight body.
A Chinese company’s plans to acquire U.S. money transfer giant MoneyGram is raising fears that the communist government in Beijing could gain sensitive intelligence on Americans’ personal and financial information — including data on thousands of government employees and military personnel.
The purchase by Ant Financial, which is partially owned by the Chinese government, also poses a test for the 42-year-old Treasury Department oversight body that has been asked to review the deal to determine any security risks.
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WNU Editor: Chinese state companies that do business on the international scene are focused on two things .... making money on their investments .... and gathering intelligence. This would be a big mistake for the U.S..