The UK’s National Crime Agency (NCA) has arrested a 33-year-old Chinese national in an ongoing investigation into a suspected Chinese underground banking network.
The authority made this arrest during a series of raids, during which high-value luxury items were seized. The detainee, who is being questioned by officials, is suspected to be involved in money laundering.
The suspected Chinese underground banking network is involved in laundering criminal proceeds through ‘Daigou shopping’. This involves the purchase of high-value goods, such as watches and jewellery, in the UK and subsequent shipping of these goods to China for resale.
Source: National Crime Agency, UK