Denmark Arrests 13 Chinese Nationals in $15 Million Money-Laundering Probe

Danish police have arrested 13 Chinese nationals and one Danish citizen for their alleged involvement in a money-laundering network that funneled more than 100 million Danish kroner ($15.4 million) through luxury goods transactions.

The arrests took place on Wednesday across Zealand in a coordinated operation led by Denmark’s National Special Crime Unit and Copenhagen police. Investigators allege the network used criminal proceeds to buy designer bags and luxury watches, sometimes using proxies, before reselling them to buyers domestically and abroad.