Customs Seize Smuggled Goods Worth HK$300m
"); jQuery("#212 h3").html("

"); });
2022-11-07 HKT 13:35
Customs officers on Monday said they recently made their biggest sea smuggling bust this year, seizing goods worth about HK$300 million and arresting two people from a logistics company.
Products including dried seafood, wine and endangered species were found in 10 cargo containers at the Kwai Chung Container Terminals in late October.
Rita Li from the department's syndicate crimes investigation bureau said the goods had been destined to be smuggled to Tianjin by boat.
"This is the first case involving such a large number of smuggled goods since the pandemic. We uncovered several smuggling cases using river boats in the past... therefore, syndicates changed their smuggling methods and used ocean-going vessels instead, aiming to increase the difficulty of our law enforcement," Li said.
Officers said some of the goods were exported to Hong Kong from the mainland as China adopts a zero tax rate on exports, and it's thought they were to be smuggled back to avoid tax.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more
