HK Customs Seizes Cigarettes Worth $28m
"); jQuery("#212 h3").html("
"); });
2022-03-18 HKT 20:14
Share this story
Hong Kong Customs seized about 10.2 million suspected illicit cigarettes with an estimated market value of about $28 million at the Tsing Yi Customs Cargo Examination Compound on Thursday.
Customs officers found the consignment inside a 40-foot transshipment container, declared to be carrying plastic bins. It had arrived from Vietnam and was heading for the Philippines via Hong Kong.
Authorities said the value of duties on such a cargo in Hong Kong would be about $19.4 million
Under the Import and Export Ordinance, anyone found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and seven years’ imprisonment.
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more