The police in Suzhou, Anhui have cracked a case involving the sale of bank cards worth over 80 million yuan, with virtual money becoming a mainstream method for cross-border Money Laundering.
According to reports from CCTV News, Wu learned that the police in Suzhou, Anhui recently cracked a case involving the sale of bank cards for "remote Money Laundering" using Virtual Money, with the amount involved exceeding 80 million yuan. The criminal gang recruited card dealers through social media, organizing a "card dealer convoy" to collect cards domestically and complete cash withdrawals, purchases of virtual coins, and other operations, allowing cross-border fund laundering without the bank cards leaving the country. The police pointed out that due to the criminal group conducting transactions through virtual money, the domestic card dealers and their superiors had never met, which caused significant resistance for the public security authorities in verifying the identities of the gang involved in cross-border bank card transactions.
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The police in Suzhou, Anhui have cracked a case involving the sale of bank cards worth over 80 million yuan, with virtual money becoming a mainstream method for cross-border Money Laundering.
According to reports from CCTV News, Wu learned that the police in Suzhou, Anhui recently cracked a case involving the sale of bank cards for "remote Money Laundering" using Virtual Money, with the amount involved exceeding 80 million yuan. The criminal gang recruited card dealers through social media, organizing a "card dealer convoy" to collect cards domestically and complete cash withdrawals, purchases of virtual coins, and other operations, allowing cross-border fund laundering without the bank cards leaving the country. The police pointed out that due to the criminal group conducting transactions through virtual money, the domestic card dealers and their superiors had never met, which caused significant resistance for the public security authorities in verifying the identities of the gang involved in cross-border bank card transactions.