**Emerging Cross-Border Money Laundering Empire: From Southeast Asia to Hong Kong Crime Chains**

The largest money laundering case ever uncovered by Singapore police continues to attract attention. During a raid in August 2023, over 400 law enforcement officers dismantled a criminal network involving up to 3 billion SGD (approximately 1.6 billion RMB), and detained 10 suspects on the spot. These criminals are aged between 31 and 44, all of whom are from Fujian, known as the "Fujian Gang."

**Multiple Passports, Shell Companies, and Crypto Channels**

Wang Shuiming, a key wanted suspect, has been arrested in Montenegro and faces extradition. Investigations show that this criminal group holds multiple identities, using forged documents and fictitious organizations to systematically conceal funds derived from illegal gambling and scams in Southeast Asia. Cryptocurrency has become a crucial tool for their cross-border fund transfers.

Notably, Wang Shuiming’s collaborator, Su Weiyi, has been confirmed as the core figure in a scam case on a Hong Kong platform. The platform suddenly halted withdrawals and collapsed in November 2022, with Su Weiyi absconding with HKD 16.74 million (about 15.675 million RMB). In July 2024, Su Weiyi was arrested by Hong Kong police. This incident exposes the deep infiltration of the criminal network into the crypto asset sector.

**Geographical Footprint of the Asset Empire**

Wang Shuiming’s assets are spread across multiple regions in Asia-Pacific. In mainland China, his companies have investments totaling 32 million RMB and own industrial facilities worth several million RMB. In Xiamen, two apartments are valued at 20 million RMB. His Hong Kong bank accounts hold HKD 2 million in cash, along with crypto assets valued at USD 110,000.

It is worth noting that the enterprises controlled jointly by Su Weiyi and other partners are linked to Alice Guo, a former convicted Filipino official, further highlighting the international nature of this criminal network. This case once again underscores how cross-border money laundering activities, through multiple methods and encryption technologies, create blind spots within the global financial system.