PANews December 20 News, according to Xinhua News Agency reports, a tip from the U.S. side about a Chinese national, Tong Moumou, suspected of laundering money for drug traffickers has attracted high attention from Chinese police. To uncover the truth, the Ministry of Public Security deployed the Liaoning Provincial Public Security Department to carry out verification work, and in Wuhan, Hubei, Tong Moumou and Chen Moumou, who attempted to escape abroad, were caught on the spot. Both were sentenced to fixed-term imprisonment and fines in September this year.
It is reported that Tong Moumou mainly engaged in illegal foreign exchange transactions totaling over 16 million RMB through “mirror trading” using domestic bank cards, and in some cases, instructed domestic personnel to purchase virtual currencies such as Bitcoin and Tether, then resell them to overseas individuals in exchange for US dollar cash. During the investigation, police also discovered that some criminals were evading U.S. regulations in large cash deposits and withdrawals, as well as virtual currency transactions. Currently, they have communicated with U.S. authorities through the China-U.S. anti-money laundering cooperation channels and reached a consensus to strengthen law enforcement cooperation in the field of anti-money laundering.
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