World Liberty Financial received $100M from businessman under UK money laundering investigation

A $100 million investment in World Liberty Financial’s governance tokens, the largest single publicly disclosed purchase of WLFI tokens, traces back to a Chinese businessman currently under investigation by UK law enforcement for money laundering.

The investment, made on June 26 through the UAE-based Aqua1 Foundation, directed as much as $75 million toward entities controlled by the Trump family and affiliates of co-founder Zach Witkoff. The man behind the foundation, Guren “Bobby” Zhou, was arrested in the UK in March 2021 on suspicion of money laundering. British officials have confirmed the investigation remains active as of late July.

Following the money

World Liberty Financial launched in 2024 as a decentralized finance protocol with deep ties to the Trump family. Eric Trump serves among its co-founders alongside Witkoff, the son of Trump’s special envoy Steve Witkoff. The project has raised hundreds of millions through its WLFI governance token sales, attracting capital from domestic and international sources alike.

The Aqua1 Foundation deal stands out not just for its size but for the circumstances surrounding its architect. Zhou has faced legal trouble on two continents. Beyond the UK money laundering investigation, Chinese courts have issued civil judgments against him totaling roughly 19.4 million yuan, approximately $2.4 million, for unpaid loans.

Eric Trump met with Zhou in Dubai to discuss the investment, according to reporting by The New York Times. Zhou later described the arrangement as involvement in “Trump’s family’s crypto venture.”

The due diligence question

Standard anti-money laundering protocols, the kind that traditional financial institutions follow as a matter of routine, typically flag individuals with active investigations. Know-your-customer requirements exist precisely to prevent potentially illicit funds from flowing into financial products. With up to $75 million reportedly flowing to Trump-linked entities and Witkoff affiliates, the question of where that money originated becomes more than an academic exercise.

WLFI tokens function as governance tokens for the World Liberty Financial protocol, giving holders voting rights over protocol decisions. They do not represent equity or ownership in the traditional sense.

Regulatory crosshairs

The stablecoin legislation debate in Congress has repeatedly circled back to the question of whether Trump-linked crypto projects should face enhanced disclosure requirements. A $100 million investment from an entity connected to a foreign national under money laundering investigation is the kind of case study that regulators point to when arguing for stricter oversight.

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