TechFlow news — According to the Ministry of Public Security's Cybersecurity Bureau, after six months of investigation and reconnaissance, police in Guang'an, Sichuan Province have identified, investigated, and dismantled a large-scale "money splitting" gang that provided payment settlement services for overseas casinos. Authorities successfully arrested 13 core members of the platform led by Chen Mou, along with 26 "code merchants." Over 3 million yuan in illicit funds were seized, together with more than 100 mobile phones, 30 computers, and over 750 SIM cards used for criminal activities. At the time of arrest, the payment platform operated by Chen and others had cumulatively processed 270 million yuan in "money splitting" transactions, with the highest individual "code merchant" involved in nearly 10 million yuan in such activities.
"Money splitting" specifically refers to using legitimate third-party payment channels' collection QR codes to collect payments on behalf of others, then transferring the funds to designated accounts, earning commissions in the process. This practice is primarily used for money laundering, especially by overseas gambling and fraud websites, which commonly adopt this method to receive payments. These illegal sites instruct individuals to set up "money splitting" platforms that use names like "XX Pay," "XX Treasure," and "XX Trust" to collect funds. Illicit proceeds from overseas casinos and other illegal platforms are aggregated through these channels and then transferred collectively to the illegal platforms, achieving the effect of "accumulating small amounts into large sums" and "dispersed collections," thereby evading detection and crackdowns by public security authorities.
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