The Baoshan District Procuratorate of Shanghai has cracked a money laundering case involving virtual currency, with the amount involved reaching 1.8 billion yuan.

[Shanghai Baoshan District Procuratorate Cracks Down on Virtual Currency Money Laundering Case Involving 1.8 Billion Yuan] According to Mars Finance, on January 4th, the Shanghai Procuratorate's official WeChat account disclosed a virtual currency money laundering case. The Baoshan District Procuratorate, through pursuit and prosecution, cracked down on an underground banking gang that used virtual currencies to transfer illicit funds across borders, involving 1.8 billion yuan. In response to new and complex money laundering crimes such as underground banks and virtual currencies, the Baoshan District Procuratorate guided the public security organs to penetrate financial accounts, investigate the source and destination of funds, secure electronic data, and make accurate and effective charges, fully ensuring the quality and efficiency of money laundering case investigations.