According to an announcement issued by Binance, the Binance Financial Crime Compliance Department (FCC) has successfully collaborated with the Taiwan Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office in cracking down on a money laundering scheme involving nearly NT$200 million (approximately $6 million USD) under the guise of a “fake individual currency dealer”.
It is reported that this criminal organization has long been assisting fraud groups in money laundering through the use of virtual assets. The group created fake customer chat records, remittance proofs, and forged KYC data to enable their riders to pose as individual currency dealers and evade law enforcement. The law enforcement agencies tracked and monitored multiple seemingly suspicious cryptocurrency transactions, and requested relevant data from stakeholders including Binance.
Prosecutor Luo Wei-yuan of the Taipei District Prosecutors Office, who is responsible for investigating this case, has filed charges against a total of 9 suspects involved in this case for aggravated fraud, violation of anti-money laundering laws, and organized crime prevention laws. Luo Wei-yuan stated:
Damien Ho, representing Binance’s Asia-Pacific team, also expressed pride in Binance’s collaboration with Taiwan’s outstanding law enforcement agencies, which has led to significant progress in the investigation of this case.
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…