Ottawa Chapter Meeting (6pm ET / 22:00 UTC) [Virtual]

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Uncovering Transnational Money Laundering Schemes: The Global Network of Wang Yunhe

Presenter names:
Marlene Kinnaird & Maggie Hwang

Presenter Bios:  
Marlene Kinnaird has extensive experience in software sales and relationship building, specializing in providing data analytics to help organizations mitigate risks and gain transparency around complex networks. She is committed to empowering teams with actionable intelligence that aligns with our shared mission of fostering informed decision-making. Her approach combines analytical skills with mindful and emotionally intelligent communication to drive impactful results.

Maggie Hwang is a Senior Solutions Consultant at Sayari where she works closely with customers across public and private sectors to investigate complex issues including illicit financial networks and sanctions evasion, with a focus on counternarcotics and Chinese power projection. Prior to joining Sayari, she worked as an analyst mapping Chinese and Russian defense intelligence and geoeconomic statecraft. Maggie is proficient in Mandarin and has lived, worked, and studied in China.

Presentation Description:
Introduction to Sayari, our data and a brief walk through of the following case study we did on a botnet scheme that spans across nearly 200 countries, compromised 19 million IP addresses.  On May 28, 2024, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Chinese national Yunhe Wang and two co-conspirators for orchestrating a botnet scheme that compromised over 19 million IP addresses across nearly 200 countries. This operation facilitated cybercrimes, including financial fraud and identity theft, leading to $5.9B in losses to U.S. government programs such as the CARES Act.

Public records link analysis in Sayari Graph revealed additional people and companies tied to Wang’s network that were not detailed in the court documents, extending across Singapore, Thailand, the United States, and Cyprus. Through co-location, contact information, and pattern analysis, Sayari uncovered hidden vectors that may have supported Wang’s botnet, fraud, and real estate money laundering activities.