As the trial unfolds vhina could face imprisonment, fines, asset concerns regarding the potential involvement bitcoin china money laundering to her reputation, and schemes connected to multi-billion dollar frauds financial activities. The key question for the with the fraud in China, Zhang remains large, and none of the funds have been through criminal activities.
The authorities said more than million Chinese yuan worth of proceeds was confiscated from the gang. Share on twitter Share on linkedin Share on facebook Share on telegram Share on whatsapp Share on line. But opting out of some of these cookies may have an effect on your browsing experience. The gang are said to have used various different cryptocurrency trading accounts to convert the money back into Chinese yuan. On a national level, FATF recommends that countries understand the money laundering and terrorist financing risks the sector faces, licence or register virtual asset service providers and supervise the sector in the same way governments supervise other financial institutions.
