Chinese Organised Crime and Crypto-Currency Money Laundering

The Asian Crime Century briefing 73

The Chengdu Public Security Bureau (PSB) announced on 15 May that during an operation in the past two years they detected a huge underground bank that involved 13.8 billion yuan (US$1.9 billion) and arrested 193 suspects. The case is an old one but interesting because it is one example amongst many being reported around the world of the growing use of c…