Six Arrested in Cryptocurrency Money-Laundering Scheme in Northeast China
Monday, 13 May 2024, 13:00
Six Individuals Arrested in Cryptocurrency Money-Laundering Scheme
Six individuals have been apprehended in Jilin province, China, in connection with a cryptocurrency money-laundering operation. The scheme notably involved transferring approximately $296 million to South Korea.
Focus on Crypto-Related Capital Flows
The arrests come amid growing concerns around crypto-related capital flows and the potential for misuse in illicit activities. Authorities are stepping up efforts to crack down on such financial crimes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.