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#ContentStar#The AFP uncovered connections between Changjiang Currency Exchange and known money laundering groups. Over the past three years, the exchange chain reportedly transferred over $10 billion, with the AFP claiming the company facilitated unlawful money transfers for organized
The business allegedly engaged in money laundering activities totaling $228,883,561 between 2020 and 2023, with suspicions that some funds originated from cyber-enabled scams, illicit goods trafficking, and violent crimes.
According to the police, the syndicate aided its criminal clientele in fabricating business records, including forged invoices and bank statements. This allowed the criminals and the Changjiang Currency Exchange to present the illicit funds as originating from legitimate sources should authorities investigate them.
Syndicate members led opulent lifestyles, frequenting extravagant restaurants, indulging in expensive wines and sake, traveling by private jets, driving high-end vehicles, and residing in multi-million-dollar homes. To evade detection, they reportedly acquired counterfeit passports at $200,000 each.