Alipay Helped Chinese Authorities To Catch 380 Criminal Group

The Ministry of Industry and Information Technology of China busted around 380 criminal activities groups which were involved in Money Laundering & telecom fraud. Alipay helped the Ministry authorities significantly in this matter.

Alipay is a third-party mobile and online payment platform, established in China by 2004. Alipay is a subsidiary of Alibaba.com. 

According to reports Alipay & Ministry of Industry and information technology and the National Anti-Fraud Center in Beijing,China busted 380 criminal groups which were involved in many types of crimes. These groups were mainly involved in telecom fraud & money laundering activities through crypto use. 

This information is shared a Chinese news’ journalist Colin Wu

According to a Beijing news media report, the Anti-Fraud Center of the Criminal Investigation Bureau of the Ministry of Public Security & director of the Guidance Office for Combating New Cybercrimes, Zhang Shuo, talked about this matter through a meeting.

In the meeting they stated that the involvement of Cryptocurrency in money laundering activities is increasing and also many other types of cyber crimes are also tremendously rising.

“the rising number of cybercrimes, money laundering made using cryptocurrencies, telecommunication fraud and more”

Historical data from China also shows that 114,000 telecom network fraud cases detected in January to may of 2021 and also around 14,000 gangs have been busted by the investigation authorities of China. 

All these things shows, China is really facing lots of criminal activities. Even a report says Many criminal activities are going on in China through the home of the criminals.

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