Cocaine Worth HK$10mn Seized At Airport
"); jQuery("#212 h3").html("
"); });
2019-02-18 HKT 22:44
Share this story
Customs officers on Sunday arrested a man at the airport after finding about 8 kilogrammes of cocaine hidden in the man's luggage.
The haul is estimated to be worth nearly HK$10mn.
Officials said the 24-year-old man had arrived in the city from Sao Paulo, via Dubai, and the cocaine was concealed in false compartments in his two suitcases.
He has been charged with trafficking in a dangerous drug and will appear at West Kowloon Magistrates’ Court on Tuesday.
Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses
Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more
Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.
Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more
Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia
Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more
Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules
Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more
Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring
The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more
Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers
Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more