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Hong Kong police uncover virtual currency money laundering syndicates that use university students to conduct cross-border money laundering activities
Gate.io According to Mankiw’s lawyer, a virtual currency money laundering gang is recruiting mainland college students to Hong Kong to launder money in Hong Kong, according to Mankiw’s lawyer.
A third-year college student was introduced to the business of “purchasing virtual currency” while applying for a job online. After receiving the RMB from the other party into a mainland bank card, the student went to Hong Kong to buy cryptocurrency at a street-side USDT exchange shop and transferred it to a designated wallet address. In addition to reimbursement of travel expenses, each round trip to Hong Kong also has an income of 5 to 600 yuan.
The student’s bank card has been frozen, and such actions involve the crime of aiding information network criminal activities.
Source: wublock123