Police in China have cracked 78,000 cases of economic crimes in 2024, the Ministry of Public Security said, adding that the money involved in the cases exceeded 800 billion yuan ($109 billion).

The police carried out a special campaign last year to crack down on the behavior of transferring illicit gains to overseas destinations through offshore companies and underground banks.

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The campaign has led to the investigation of more than 3,000 cases, effectively cutting off a number of channels for illicit funds transfers, the ministry said.

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The police also launched another two campaigns last year. One focused on crimes of counterfeiting money and invoices and the other focused on insurance fraud, tax-related crimes, illegal fundraising, pyramid schemes, crimes related to securities and futures, and corruption in private companies.