Vietnam's police in Da Nang have reported their largest money laundering case to date, resulting in the arrests of five individuals, including a bank employee. From 2022 to 2024, the criminal organization forged IDs and bank seals to create 187 businesses and open over 600 corporate accounts used to launder approximately $1.2 billion obtained through foreign fraud and gambling schemes. Authorities have confiscated fake seals and business registration documents, emphasizing the extensive scale of the operation.
The police in Da Nang have stated that this bust represents the biggest ever money laundering case exposed in the central coastal city.
Members of the ring forged identification cards and bank seals to establish 187 businesses and open over 600 corporate bank accounts.
Total transactions from the funds brought into Vietnam reached approximately $1.2 billion, reflecting fraud and gambling activities occurring abroad.
The authorities arrested five individuals involved, including a bank employee, as part of this extensive money laundering operation.
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