What is money laundering?

Money laundering is the process of making illegally obtained money appear legitimate. It typically involves three steps: placement, layering, and integration, which disguise the origins of the funds.

What is cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized technology called blockchain, which records all transactions across a network of computers.

What is a Ponzi scheme?

A Ponzi scheme is a type of investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from profit earned by the operation of a legitimate business.

What is financial crime?

Financial crime refers to illegal acts committed for financial gain, including fraud, money laundering, and embezzlement. It undermines the integrity of financial systems and can have serious economic consequences.

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Home > Headlines > Chinese fraud mastermind jailed in UK for laundering bitcoin

Headlines

Chinese fraud mastermind jailed in UK for laundering bitcoin

Published by Global Banking & Finance Review®

Posted on November 11, 2025

1 min read

Last updated: January 21, 2026

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Chinese fraud mastermind jailed in UK for laundering bitcoin

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UK Court Sentences Chinese Fraudster to Over 11 Years for Bitcoin Laundering

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