Working with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud.
The Financial Crimes Compliance (FCC) department of Binance has joined forces with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to tackle a large-scale money laundering case, resolving a 200 million New Taiwan dollars ($6.2 million) digital asset fraud.
According to an official statement, the operation facilitated criminals in washing illegal proceeds through cryptocurrency transactions. The scammers employed fake remittance documents, counterfeit identification information, and manipulated customer communication records to evade detection by law enforcement.
Through collaborative efforts with Binance, Lo Wei-yuan, a prosecutor in the Taipei District Prosecutors Office, pieced together the complete picture of the suspicions of nine indicted individuals charged with offenses including money laundering, fraud and organized crime.
