China is highlighting its success in joint law enforcement with the sentencing of two men in a drug-related money laundering case following a tip-off from the United States.
The People’s Daily stated on Saturday that officers in Shenyang, in northeast China’s Liaoning province, had received information in April last year from US authorities about a Chinese citizen surnamed Tong.
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US, China join forces to counter global fentanyl trade
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Chinese authorities established a task force and sent 25 teams to 16 provinces in the search for evidence that Tong and an accomplice named Chen had engaged in illegal foreign exchange trading, according to the report.
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The police had contacted some 2,000 people and obtained more than 10 million trading records from hundreds of companies, the report said.
They found that since 2017, Tong and others had initially operated a car showroom in the US, selling vehicles and providing currency exchange services for customers. Later, they shifted their focus exclusively to “criminal activities, such as illegal foreign exchange trading”, People’s Daily said.
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Investigations found that from January 2020 to June 2021, Tong had asked Chen and others who lived in China to use multiple bank cards in China to receive foreign exchange transfers.
