For the first time, the Beijing-Australia police have jointly uncovered a case involving extra-large cross-border underground money banks involving an amount exceeding 30 billion yuan (source:)
On January 7, Beijing police and Macao police jointly uncovered a case of a large-span underground banking house. It is known that the gangs involved registered for POS machines in mainland China and illegally transferred them to Macao. Then they organized members of the gangs to go to Macao and illegally cash in casinos for gamblers who need Hong Kong dollars and Macao dollars. Beijing police synchronously arrest pre-lock-in personnel in Beijing, Hebei, Hubei, Guangdong, Macao and other places, arresting 39 suspects in one fell swoop, freezing the funds involved in the case of RMB 150 million yuan, HK $24.0 million, seizing more than HK $4 million cash on the spot, four vehicles involved, 32 illegally refitted POS machines, and a large number of computers, bank cards and other related items. The successful investigation of the case is also the first case of Beijing and Macao police jointly cracking down on cross-border underground banking.
Source: Yang Yi_NBJ10647, Responsible Editor of Beijing Youth Daily