Da Nang prosecutors indict 97 in transnational money laundering ring

The Da Nang People's Procuracy has indicted 97 defendants in a major transnational criminal ring involved in illegal bank account trading and money laundering for criminal organizations in Cambodia. The group, led by Trang Quang Trung, Bùi Trọng Tấn, and Lê Thị Mỹ Duyên, facilitated the sale of over 6,000 personal bank accounts.

To bypass stricter biometric authentication regulations, the group forged documents to establish approximately 670 to 1,101 “ghost” companies. These shell entities were used to open business accounts to facilitate the movement of illicit funds. Investigators noted suspicious transaction patterns, including high-frequency transfers occurring day and night without clear descriptions, where funds were immediately withdrawn or transferred further to hide their origin.

The total volume of transactions processed through these fraudulent business accounts reached nearly 68 billion VND, alongside over 43.5 million USD, 1.5 million EUR, and 1 million CAD. The defendants face multiple charges, including money laundering, illegal trading of bank account information, forgery of seals and documents, and using computer networks to appropriate property.