• Reuters

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China suspended an international anti-corruption task force after taking over the presidency of the Group of 20 earlier this year, according to six individuals in the group, who called it a setback to efforts to crack down on shell companies used to conceal assets.

The Anti-Corruption Taskforce of the G-20’s Business 20 forum, comprising businesses and civil society groups, had been drawing up G-20 policies for increasing transparency of offshore financial structures, among other work, but the body was scrapped in late January because Chinese companies declined to participate, according to the sources.

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