Four Charged in China’s First Case of Livestreaming Money Laundering

Shanghai prosecutors have charged four livestreaming hosts for money laundering in the country’s first such case, highlighting a new method whereby criminals use the tipping mechanism on the popular internet platform to transfer illicit funds.

Three of the four people have pleaded guilty and accepted their punishment, with one returning the illicit funds in full and the other two returning most of them, according to an article published last week by the Shanghai Pudong People’s Procuratorate.