China and Australia to strengthen judicial ties

Moves aim to deal with money laundering, bring fugitives to trial

China and Australia will make more efforts to deal with money-laundering crimes and recover the illegal assets of Chinese economic fugitives, echoing the 2015-16 G20 Anti-Corruption Action Plan, that was released upon the closing of the G20 Summit in Brisbane on Sunday.

"Our actions are building cooperation and networks, including to enhance mutual legal assistance, recovery of the proceeds of corruption and denial of safe haven to corrupt officials," said the action plan. "We commit to improve the transparency principles of the public and private sectors, and of beneficial ownership by implementing the G20 high-level principles on beneficial ownership transparency."