In collaboration with Taiwan's Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office, Binance's Financial Crimes Compliance Department played a crucial role in uncovering a cryptocurrency-facilitated money laundering scheme worth nearly NT$200 million (approximately US$6 million).

The criminal network utilized virtual assets to launder money through falsified customer records and forged identity data.

Law enforcement identified suspicious cryptocurrency transactions and sought assistance from Binance, which provided insights and recommendations through crypto flow analyses.

As a result of the joint effort, nine suspects were indicted on charges including aggravated fraud, money laundering, and organized crime prevention.