**International Manhunt Concludes: Wang Shuiming Apprehended in Montenegro Following Singapore's Historic Money Laundering Operation**

In a significant breakthrough in cross-border law enforcement, Wang Shuiming, a Fujian native implicated in Singapore's most substantial money laundering investigation, has been detained in Montenegro and faces extradition to China. This development marks another chapter in an expansive criminal network that has drawn scrutiny from authorities across multiple jurisdictions.

**The Cryptocurrency Connection and Hong Kong Fraud Nexus**

Central to this case is Wang Shuiming's association with Su Weiyi, who orchestrated a major cryptocurrency platform collapse in Hong Kong. Su Weiyi, apprehended by Hong Kong authorities in July 2024, was the principal architect behind the deception surrounding a digital asset exchange platform. When Atom Asset Exchange suddenly suspended all withdrawal operations in November 2022, customers lost access to their funds. Su Weiyi subsequently vanished with approximately 16.74 million Hong Kong dollars (roughly 15.675 million RMB) in deposited assets.

Notably, Su Weiyi maintains business interests in several enterprises alongside associates who have documented connections to Alice Guo (Guo Huaping), a former Philippine municipal official currently facing criminal convictions.

**Singapore's Operation Against the "Fujian Gang"**

The scope of this criminal enterprise came into sharp focus on August 15, 2023, when over 400 Singapore police officers executed a coordinated enforcement operation, dismantling what authorities labeled Singapore's largest money laundering infrastructure. Ten individuals, aged 31 to 44, were arrested on-site. All suspects possessed Fujian provincial origins and collectively wielded passports from multiple nations, facilitating their illicit operations.

These operatives employed a sophisticated methodology: utilizing forged documentation, shell corporate entities, and cryptocurrency transactions to obscure proceeds derived from illegal gambling and fraud networks throughout Southeast Asia. Laundered capital was subsequently invested in premium real estate and high-value assets across Singapore and internationally.

**Asset Seizures and Financial Exposures**

Investigators uncovered extensive financial holdings under Wang Shuiming's control. Domestically in China, his business operations commanded investments exceeding 32 million RMB. Manufacturing operations attributed to him valued several million RMB, while residential properties in Xiamen totaled approximately 20 million RMB across two units. Additional holdings included a Hong Kong banking account containing 2 million Hong Kong dollars and cryptocurrency reserves valued at 110,000 USD.

The total illicit funds channeled through this network reached approximately 3 billion Singapore dollars (roughly 16 billion RMB), representing an unprecedented scale of financial crime in the region.