Four Arrested In HK$400m Laundering Case
"); jQuery("#212 h3").html("
"); });
2022-09-01 HKT 15:43
Share this story
Customs officers on Thursday said they had arrested four men suspected of laundering more than HK$400 million.
Officers said their investigation, which stemmed from another money laundering case at the end of last year, involved some 9,000 transactions through dozens of bank accounts, a virtual currency exchange trading platform and a local money changer.
Three men aged 21 and a 36-year-old man had been arrested.
Officers said the suspects' backgrounds and financial status were "highly incommensurate" with the large transactions they were probing.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more