HK Customs Seize Suspected Red Sandalwood Worth HK$7m

"); jQuery("#212 h3").html("

"); });
2022-03-17 HKT 20:44
Hong Kong Customs seized a total of around 5,000 kilograms of what they suspect to be endangered red sandalwood at the Kwai Chung Customhouse Cargo Examination Compound and Hong Kong International Airport on Wednesday.
Such quantities of the wood would have an estimated market value of over HK$7 million.
A seaborne consignment, which had arrived from Malaysia, was discovered at the Kwai Ching compound, with a smaller air consignment being seized at the airport. The latter had arrived in Hong Kong from India.
Investigations are ongoing following the seizures. Under Hong Kong’s Protection of Endangered Species of Animals and Plants Ordinance, any person found guilty of importing or exporting an endangered species without a licence is liable to a maximum fine of HK$10 million and imprisonment of 10 years.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more