Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money
PYMNTS
SEPTEMBER 16, 2020
Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. The Financial Times (FT) reported police acknowledged that in a scheme to avoid China’s tough financial regulations, thieves have targeted sites including Pinduoduo Inc.,
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