Prepaid card rules a swipe at corruption

BEIJING - People purchasing large amounts of prepaid cards will soon have to reveal their real names.

The latest move is aimed at preventing money laundering, tax evasion and bribery, according to an official document published by the State Council, China's Cabinet, on its website on Wednesday.

Issuers of prepaid cards should register customers' identities if they purchase at least 10,000 yuan ($1,500) in cards, or if the prepaid cards carry the names of the people who will use them.