Anti-Money Laundering
Post
Seven七七
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Can cosmetic surgery fees also be paid with virtual currency? The bizarre tactics of underground money houses to attract customers have left the crypto community in stitches💥💥💥
Another major virtual asset money laundering case has erupted in South Korea! The amount involved has reached a staggering 148.9 billion Korean Won!
A group of people collected payments via WeChat and Alipay, bought coins overseas, transferred them to Korean wallets, and cashed out in Korean Won. After four years of rampant money laundering, they even dared to illegally exchange funds for cosmetic surgery fees. Now, three individuals (including a Chinese national) have been sent to the prosecution!
Key points for all Web3 traders:
1. Don’t engage in OTC trading with funds of unclear origins, be careful not to become a money laundering tool.
2. Make sure to use compliant channels for cross-border currency transfers; South Korea's foreign exchange controls are not to be taken lightly.
3. KYC/AML procedures are essential; they are your last line of defense to protect yourself.
Don’t let your trading account turn into someone else's crime hotspot!
#Web3合规 #虚拟资产监管 #OTC避坑 #币安
Help! Virtual currency has actually become a money laundering tool for underground money houses?! South Korea just cracked a case involving 148.9 billion Korean Won, and the method of operation is so outrageous it left my jaw on the floor👇
WeChat/Alipay for payments → Buy virtual assets overseas → Transfer to Korean wallets to cash out in Korean Won
What’s even more ridiculous is that these people are attracting customers by claiming they can illegally exchange for cosmetic surgery fees, which is really laughable😂
$BTC
Another major virtual asset money laundering case has erupted in South Korea! The amount involved has reached a staggering 148.9 billion Korean Won!
A group of people collected payments via WeChat and Alipay, bought coins overseas, transferred them to Korean wallets, and cashed out in Korean Won. After four years of rampant money laundering, they even dared to illegally exchange funds for cosmetic surgery fees. Now, three individuals (including a Chinese national) have been sent to the prosecution!
Key points for all Web3 traders:
1. Don’t engage in OTC trading with funds of unclear origins, be careful not to become a money laundering tool.
2. Make sure to use compliant channels for cross-border currency transfers; South Korea's foreign exchange controls are not to be taken lightly.
3. KYC/AML procedures are essential; they are your last line of defense to protect yourself.
Don’t let your trading account turn into someone else's crime hotspot!
#Web3合规 #虚拟资产监管 #OTC避坑 #币安
Help! Virtual currency has actually become a money laundering tool for underground money houses?! South Korea just cracked a case involving 148.9 billion Korean Won, and the method of operation is so outrageous it left my jaw on the floor👇
WeChat/Alipay for payments → Buy virtual assets overseas → Transfer to Korean wallets to cash out in Korean Won
What’s even more ridiculous is that these people are attracting customers by claiming they can illegally exchange for cosmetic surgery fees, which is really laughable😂
$BTC
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