Wu Shuo learned that, according to Xinhua News Agency, the Shenyang police successfully cracked a money laundering case reported by the U.S. side. The case originated from clues provided by the U.S. indicating that Chinese national Tong Moumou was suspected of laundering money for drug traffickers. After cross-province evidence collection and data verification, the police arrested him in May 2024. The investigation showed that Tong Moumou had been engaged in underground currency exchange since 2017, during which he used methods such as "counter-trading" to transfer funds across borders, and had exchanged virtual currencies like Bitcoin and USDT for US dollars, involving over 16 million RMB. In 2025, the court sentenced him to one year and seven months, and one year and four months in prison respectively for illegal business operations, along with fines. The police remind the public to exchange currency through official channels and beware of underground currency exchange and virtual currency money laundering activities.
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Wu Shuo learned that, according to Xinhua News Agency, the Shenyang police successfully cracked a money laundering case reported by the U.S. side. The case originated from clues provided by the U.S. indicating that Chinese national Tong Moumou was suspected of laundering money for drug traffickers. After cross-province evidence collection and data verification, the police arrested him in May 2024. The investigation showed that Tong Moumou had been engaged in underground currency exchange since 2017, during which he used methods such as "counter-trading" to transfer funds across borders, and had exchanged virtual currencies like Bitcoin and USDT for US dollars, involving over 16 million RMB. In 2025, the court sentenced him to one year and seven months, and one year and four months in prison respectively for illegal business operations, along with fines. The police remind the public to exchange currency through official channels and beware of underground currency exchange and virtual currency money laundering activities.