ChainThink News, on December 20, according to Xinhua News Agency, a lead reported by U.S. authorities regarding Chinese national Tong Mou suspected of money laundering for drug traffickers has drawn significant attention from Chinese law enforcement. To uncover the truth, the Ministry of Public Security deployed the Liaoning Provincial Public Security Department to conduct verification work and apprehended Tong Mou and Chen Mou at Wuhan, Hubei Province, who were attempting to flee abroad. Both individuals have since been sentenced to fixed-term imprisonment and fined in September of this year.

It is reported that Tong Mou primarily conducted illegal foreign exchange transactions totaling over RMB 16 million through domestic bank accounts via "round-trip trading" schemes. In certain transactions, he instructed domestic personnel to purchase cryptocurrencies such as Bitcoin and Tether (USDT), then resell them to overseas parties in exchange for U.S. dollars in cash. During investigations, law enforcement also identified illicit actors evading U.S. regulatory oversight in large-scale cash deposits and withdrawals, as well as cryptocurrency transactions. These findings have been communicated to U.S. authorities through established Sino-U.S. anti-money laundering cooperation channels, with both sides reaching consensus on strengthening law enforcement collaboration in the anti-money laundering domain.