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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学经济学院、金融研究院副教授,中国反洗钱研究中心执行主...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
中南财经政法大学教授,计算机科学与技术专业工学博士,复旦大学理论...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
高增安
高增安
复旦大学中国反洗钱研究中心特聘研究员,专事反洗钱与贸易领域的研...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任快钱支付清算信息有限...
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上传时间: 2020-05-22      浏览次数:250次
Chinese police arrest 12 in digital currency money laundering scam

 

https://coingeek.com/chinese-police-arrest-12-in-digital-currency-money-laundering-scam/

 

Police in China have arrested 12 individuals in connection with a money laundering scam involving digital currency OTC transactions through the Huobi platform.

 

Described as a “major cryptocurrency scam” in local media reports, the group used the platform to transfer the proceeds of fraud to an overseas bank account via digital currency transactions.

 

Victims of the scam were enticed to speculate on BTC, transferring 3.1 million Chinese yuan as directed to various different bank accounts. Ultimately, the account suffered significant losses, while also being involved in laundering money on behalf of the scammers.

 

After being arrested by the authorities, the group confessed to their involvement in money laundering. Funds were transferred through WeChat and Alipay, before being used to purchase digital currencies, with commissions for the group running to as much as 300,000 yuan in under six months.

 

The scam comes at a time of increasing emphasis on money laundering from authorities in China, part of an ongoing crackdown against illegal behaviors around digital currency.

 

In particular, China’s central bank has been clamping down on money laundering through digital currency assets, with fines issued so far this year almost equal to the full year total for 2019.

 

The enforcement drive has seen an increasing number of firms and individuals known to have engaged in various digital currency transactions subject to investigations led by the police and local financial bureaus.

 

China-based digital currency exchanges have also been working more closely with law enforcement agencies to uncover illegal practices, including the launch of Huobi’s own “Astrology System” early detection app designed to identify suspicious transactions.

 

It follows an earlier warning issued by the People’s Bank of China in March, which found that BTC was increasingly being used in money laundering schemes across the country, with the digital currency favored by scammers for its anonymity and global characteristics.