China fines US due diligence firm Mintz Group $1.5 million for 'unapproved' investigations

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China fines US due diligence firm Mintz Group $1.5 million for 'unapproved' investigations
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China has fined Mintz Group, an American corporate due diligence firm, about $1.5 million for allegedly conducting unapproved statistical work in the country, as it continues with a nationwide crackdown on consulting firms in the name of national security.

The fine came to light months after authorities closed the firm’s Beijing office in March and detained five of its local employees. Mintz’s Beijing office had carried out “foreign-related statistical investigations” without seeking and obtaining approvals, which violated two Chinese regulations, the Beijing Municipal Bureau of Statistics said in a statement on its website dated July 14. CNN was made aware of the notice this week. The news was previously reported by The Wall Street Journal.

In April, police questioned staff at the Shanghai offices of global consulting giant Bain & Company. A few weeks later, state media released details of multiple raids on the offices of Capvision, an international expert network firm with headquarters in Shanghai and New York, by state security forces.

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