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.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
