TechFlow reported that according to The Paper, Shaoxing police uncovered Zhejiang's first money laundering case using digital RMB accounts, and seven people were detained for allegedly aiding and abetting. The bureau said that on September 16 last year, a bank employee called the police after noticing "very unusual" transaction activity on a merchant's electronic RMB wallet. The police immediately set up a special task force to investigate. It was eventually determined that the wallet was used to raise funds for an "overseas fraudster group."
Police added that they seized about 20 mobile phones, as well as "computers and other devices," and froze more than $3,370 worth of funds in digital RMB wallets and bank accounts. The organization used digital RMB wallets to process about $70,000 worth of laundered funds.