The Metropolitan Police released an article in August 2024, detailing a successful persecution of seven members of a criminal Chinese underground banking group by British police forces.
Following an operation that spanned more than three years, a money laundering network operating through Chinese underground banking channels has been dismantled. The group, which laundered over £55 million between February 2020 and June 2023, was brought down thanks to meticulous data analysis and intelligence work in the UK.
The investigation culminated in the sentencing of three men and one woman at Snaresbrook Crown Court in August 2024 for a range of money laundering offences. Three additional members of the group had already been sentenced earlier in June.