Odaily Planet Daily News Binance Financial Crime Compliance Department (FCC) teamed up with the Investigation Bureau of the Ministry of Justice of Taiwan and the Taipei District Prosecutor's Office to crack down on a large-scale money laundering case and cracked a virtual asset fraud case worth NT$200 million (US$6.2 million). As revealed in the official statement, this action facilitated criminals to launder illegal proceeds through cryptocurrency transactions. The scammers used forged remittance documents, forged identity information, and tampered with customer communication records to evade investigation by law enforcement agencies. (Cointelegraph)