3 mn read
2
Woman Convicted For £2bn Bitcoin Money Laundering and Related Offence
Posted in News3 mn readIn a recent development, one Southwark Crown court has convicted a woman, Jian Wen, on a money laundering-related charge. Many would wonder what exactly is money laundry. Well, it is simply the process of hiding the source of money obtained from illegal proceeds and converting it to a clean source, thereby avoiding prosecution, conviction and confiscation of the criminal funds. It is an illegal exercise that converts black money into white money.
