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.
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