Was he fleeing debt or laundering money? Letting his visa expire was definitely a way to "screw over the team"! Thai police have just arrested a 37-year-old Chinese money-laundering wizard in Bangkok. He ran a transnational network, using more than 133 crypto and forex accounts to "clean" $75 million. The irony? He had a mountain of money, but got arrested for... overstaying his visa! Turns out, people may make plans, but visas have the final say!
Deep dive: Southeast Asian countries like Thailand are cracking down hard on crypto crime. Using hundreds of throwaway accounts (OTC) to conceal dirty money is increasingly likely to get you caught, as international police forces continue coordinating their on-chain investigations.
Lately, I’ve seen a lot of Vietnamese traders posting that their bank accounts have been frozen. I wonder if it’s the same kind of thing. Stay safe with P2P trading.
What should traders do?
1. Stay well away from unusually cheap P2P and OTC deals to avoid getting mixed up with dirty money and having your account frozen.
2. Trade through official channels on major exchanges for safety.
This is not financial advice! Sign up for Binance the proper way at: https://www.binance.com/register?ref=VINHTOCDO (Code: VINHTOCDO).
Click to trade below to support me:
$BTC
$ETH
$BNB
#thailand #AntiMoneyLaundering #CryptoSecurity #P2PTrading #CryptoNews #VINHTOCDO
Deep dive: Southeast Asian countries like Thailand are cracking down hard on crypto crime. Using hundreds of throwaway accounts (OTC) to conceal dirty money is increasingly likely to get you caught, as international police forces continue coordinating their on-chain investigations.
Lately, I’ve seen a lot of Vietnamese traders posting that their bank accounts have been frozen. I wonder if it’s the same kind of thing. Stay safe with P2P trading.
What should traders do?
1. Stay well away from unusually cheap P2P and OTC deals to avoid getting mixed up with dirty money and having your account frozen.
2. Trade through official channels on major exchanges for safety.
This is not financial advice! Sign up for Binance the proper way at: https://www.binance.com/register?ref=VINHTOCDO (Code: VINHTOCDO).
Click to trade below to support me:
$BTC
$ETH
$BNB
#thailand #AntiMoneyLaundering #CryptoSecurity #P2PTrading #CryptoNews #VINHTOCDO