Customs Seize Smuggling Haul Worth HK$1.2 Billion
"); jQuery("#212 h3").html("

"); });
2021-10-29 HKT 16:23
Customs officers said on Friday that an anti-smuggling operation earlier this month netted a haul of goods worth HK$1.2 billion – the most valuable on record.
The find includes luxury foodstuffs, wines, handbags, watches, clothes, shoes, electronic products and skincare items.
Officers said they intercepted a vessel carrying 24 cargoes destined for Guangzhou in the evening on October 14 near Tung Lung Chau.
They found the ship suspicious as it was said to be carrying 600 tonnes of plastic beads, which are readily available on the mainland.
Two people were arrested.
The syndicate could have evaded import taxes amounting to HK$2 billion, if they had successfully smuggled the items to the mainland, customs said.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more