Sen. Cotton asks Treasury to probe Airwallex's China ties, seek divestiture

Key facts

• Senator Tom Cotton has asked the Treasury Department to investigate Airwallex.
• The investigation concerns Airwallex's connections to China.
• Cotton is seeking a divestiture of Airwallex's China ties.

Senator Tom Cotton has formally requested that the U.S. Treasury Department investigate the financial technology company Airwallex, specifically focusing on its connections to China. Cotton is advocating for the divestiture of any ties Airwallex may have with China. The senator's request signals a growing scrutiny of foreign companies with potential links to China operating within the U.S. financial system.