In the past week, there have been more than a dozen consulting cases related to cash transactions of U. The common point of all these cases is:
The transaction method is to exchange cash for U, and transactions often take place in different locations.
There was no real-name authentication or strict review during the transaction process.
Some transactions are directly controlled by the public security organs after completion, and even the drivers delivering the goods are arrested!
Why are cash transactions easy to investigate?
Cash transactions often cannot trace the source of funds and are likely to involve funds from telecom fraud, even being classified as 'fraud and money laundering' activities.
When the transaction amount is huge (such as hundreds of thousands or even more), the public security organs will suspect that you are involved in a telecom network fraud case.
If there is no review during the transaction process, and the buyer and seller information is unclear, with an unknown source of funds, it may be regarded as concealing a crime, facing criminal detention.
Special reminder:
This year, the number of offline cash transactions involving U has surged, with 'U merchants' in Shanghai, Qingdao, Yiwu, Chaozhou, and other places continuously being arrested, all suspected of fraud and money laundering. For U merchants in unregulated areas, the transaction funds are likely to come from victims of telecom fraud, making it easy for participants to be regarded as accomplices in money laundering or fraud.
Conclusion: Stay away from offline cash transactions of U to avoid falling into the risks of fraud and money laundering!