Thai Police Arrest Chinese Man Sought Over Money-Laundering Allegations

Thai immigration police arrested a 37-year-old Chinese man in Bangkok who was wanted by Chinese police over suspected ties to a transnational crime network and money laundering. Thai police put the network’s transaction total above 500 million yuan. Separately, they alleged he processed cryptocurrency and foreign-exchange transactions through more than 133 accounts and helped network members arrange visas. Thai police alleged he tried to evade capture with falsified residence-registration documents, changed license plates and alterations to a vehicle’s appearance. Thai authorities would handle his overstay under the law and coordinate his deportation to China for investigation. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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