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5/US law explicitly aims to prevent sensitive financial data from ending up in CCP hands, including a 2024 DOJ rule treating transfers of U.S. financial transaction data as a national-security risk. Airwallex circumvents this by never telling customers that its China/Hong Kong staff have legal and technical access to this data and are compelled under PRC intelligence laws to provide access (while having to keep all this under wraps). Those obligations include turning over to the Chinese government data collected from anywhere in the world, creating back doors and other vulnerabilities to allow China to access data, and protecting Chinese intelligence activities from becoming known.