Tag: money laundering

Hong Kong police arrest 633 for handling HK$7.8 billion in suspected criminal proceeds in month-long money-laundering crackdown

Two suspects allegedly set up 10 shell companies and opened 13 corporate accounts to handle HK$5.5 billion in criminal proceeds.

According to Australian police, Sydney-based syndicate acted as unregulated multinational bank.

Continue reading Hong Kong police arrest 633 for handling HK$7.8 billion in suspected criminal proceeds in month-long money-laundering crackdown

13 Hong Kong domestic helpers among 18 arrested in police probe into HK$35 million money-laundering scheme

Domestic helpers along with five ringleaders detained in series of police raids on Monday.

Women alleged to have been recruited to open bank accounts taken over by syndicate to launder cash.

Continue reading 13 Hong Kong domestic helpers among 18 arrested in police probe into HK$35 million money-laundering scheme