HK$18mn Smuggled Luxury Goods Seized
"); jQuery("#212 h3").html("

"); });
2020-08-05 HKT 16:06
Customs and marine police officers have seized goods worth an estimated market value of HK$18 million during an anti-smuggling operation earlier this week.
Officers said they found more than 100 boxes of goods and stopped a smuggling attempt in waters off the airport on Lantau.
They said the items seized include dried shark fins, edible bird's nest, electronic products, wine, designer clothes and cigars.
They also said nine people managed to escape on a speedboat towards the mainland direction.
Officers believe the smuggling activity was triggered by demands from mainland customers, who might find it difficult to buy the products in Hong Kong due to mandatory quarantine arrangements, and the fact that ports are closed due to the pandemic.
Customs said goods worth more than HK$280 million have been confiscated so far this year in cases relating to smuggling by sea – up from HK$160 million for the whole of last year.
Ant Internationals Ant Bank And Bettr Selected For Hong Kongs GenAI Sandbox++
Digital bank Ant Bank and embedded financial solutions provider Bettr have been selected to participate in Hong Kong’... Read more
Visa And BOCHK Tapped For Hong Kong AI Sandbox To Test Agent-Initiated Commerce
Visa has announced that it is partnering with Bank of China (Hong Kong) (BOCHK) in the GenA.I. Sandbox++. With the Visa... Read more
Hong Kong Regulators Pick 36 Agentic AI Use Cases For GenA.I. Sandbox++
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more
Finloop And Yunfeng Financial Become Latest Anchorpoint Authorised Distributors
Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distribu... Read more
Standard Chartered Becomes First Bank To Distribute HKDAP Stablecoin
Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dolla... Read more
Lianlian DigiTech Profit Doubles In H12026, Agent Wallet Pushes To Address Payment Needs
Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the fir... Read more
