How should we explain our accounts to prove that we are not involved in money laundering?

(1) We are engaged in normal Bitcoin trading and do not engage in money laundering;

(2) We are not aware of the suspected crime of the outstanding amount received from selling coins;

(3) We cooperate in providing all transaction records, chat records, on-chain transfer records, etc.;

(4) We must be very clear that we are not violating the law by engaging in digital asset transactions.

For OTC transactions, if the bank card for withdrawal is frozen by the public security or judicial authorities, what materials will the other party require the individual to provide in order to unfreeze it?

Common materials to be provided mainly include: complete transaction records, such as bank card flow, on-chain transaction records, order records of the trading platform, WeChat chat records (including the content of the communication process of the transaction), and other evidence that can prove the legality of the assets, even proof of income, etc.

So, if you unfortunately receive black money and your card is frozen, how should you solve it?

First, go to the bank where you opened the account to understand the reason for the card freezing and which authority is responsible for freezing the card.

The reasons for card freezing can be summarized into two types: bank risk control and public security freezing:

1. Bank risk control. The risk control of the bank may be caused by the recent frequent large-amount transfers of cards, scattered transfers and concentrated transfers, concentrated transfers and scattered transfers, fast in and fast out, frequent transactions at night, and no balance in the account, etc., which are collectively referred to as abnormal transactions. Therefore, the bank's anti-money laundering risk control system is triggered.

2. Public security freeze. Usually the account has received other stolen money involved in the case, which may be received directly or indirectly. The public security will stop payment and freeze all related accounts that the money involved in the case flows through, so as to prevent the transfer of funds and facilitate the investigation of the case.