- Xinghualing Branch of #Public Security Bureau in Taiyuan City, Shanxi Province, dismantles criminal #chain aiding electronic fraud gangs.
- Criminals used cigarette and virtual #currency transactions for #money laundering, involving nearly ¥84 million ($12.97 million) in wire fraud cases.
- 23 suspects arrested in efforts to dismantle this innovative money laundering scheme.
- Scheme involves laundering funds through offline cigarette #trade and converting them into virtual currencies for overseas transfer.
- Law enforcement uncovering emerging method involving offline trade and virtual currency transactions for money laundering.
- Authorities actively working to identify new techniques and apprehend criminals to protect individuals and businesses from fraud.