According to BlockBeats, on September 11, CCTV News reported that Beijing police recently discovered that the suspects transferred a large amount of embezzled funds to a foreign Chinese account in a short period of time during the investigation of a case of job embezzlement. In response to this clue, the Beijing Municipal Public Security Bureau Economic Investigation Corps and the Dongcheng Branch worked together to travel to many provinces and cities across the country and destroyed an underground money house gang that committed money laundering crimes through virtual currency transactions. At present, the four main suspects involved in the case have been approved for arrest by the procuratorate for suspected illegal business operations.
After investigation, it was found that the main member of the gang, Lv, obtained foreign nationality many years ago. While living abroad, he found that he could transfer RMB from China to foreign countries and exchange it for foreign currency through virtual currency transactions. Later, Lv, together with Chen and others, used the virtual currency trading platform to assist domestic personnel who intended to transfer funds to buy virtual currency in large quantities, thereby transferring funds abroad. The amount involved in the case was about 800 million yuan. At the same time, the police found that the gang had provided funding channels and transferred the stolen money involved in many telecommunications fraud cases and embezzlement cases.
Beijing police remind the public that in daily life, they should raise their awareness of anti-money laundering, never use personal bank accounts to receive funds from strangers, and never lend or rent out their ID cards or bank cards. If they need foreign exchange, they should exchange it through formal channels.
