Taiwanese Gangsters Use Tea Shops for Cross-Border Money Laundering
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Insights by Echo AI
A Taiwanese criminal syndicate led by a 29-year-old man named Xiè opened 'Xing Yue Tea Shop' companies in Taiwan and Cambodia to launder money for illegal online gambling platforms. Between April and May 2025, they handled over NT$5.69 billion (approx. CNY1.17 billion). To evade detection, they set up 'money rooms' in Cambodia using VPNs and luxury villas. Taiwanese authorities arrested 21 suspects, seized NT$11.2 million in cash, a BMW, and froze over NT$165.4 million in accounts.
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