TechFlow News, according to The Paper, Shaoxing police have cracked Zhejiang's first case of money laundering using digital RMB accounts, with seven individuals criminally detained on suspicion of aiding information network criminal activities. Authorities reported that on September 16 last year, a bank employee reported suspicious and "highly unusual" transaction activity in a merchant's e-CNY wallet. Police immediately formed a special task force to investigate. It was ultimately determined that the wallet had been used to raise funds for an "overseas fraud group."
Police added that around 20 mobile phones, as well as "computers and other equipment," were seized, and funds worth over $3,370 in digital RMB wallets and bank accounts were frozen. The group used digital RMB wallets to process approximately $70,000 in illicit funds.
