Man Arrested For Allegedly Laundering HK$370m
"); jQuery("#212 h3").html("
"); });
2022-09-28 HKT 13:07
Share this story
Customs officers on Wednesday said they have arrested a 38-year-old man on suspicion of laundering HK$370 million.
The man was accused of setting up 15 accounts at various banks, and opening a shell company to handle over 1,500 suspicious transactions between November 2019 and May this year.
Marcus Lui from the syndicate crimes investigation bureau said the large amount of transactions and the suspect's background were "highly incommensurate", as the 38-year-old lives in a public housing flat and earns a monthly income of around HK$10,000.
Lui added that officers have frozen HK$7 million in his bank account.
He said the department will continue its investigation, and does not rule out making further arrests.
Tourists Can Now Pay For Public Transport Using IPhone, Apple Watch In S. Korea
International travelers in South Korea can now use their iPhone or Apple Watch to pay for public transport through the ... Read more
Hang Seng Launches NFC E-Passbook For 1+ Million Passbook Customers
Hang Seng Bank has rolled out an e-Passbook service in Hong Kong in a bid to strengthen age-friendly banking. The Hang ... Read more
Why 95% Of AI Pilots Fail In Banking And How Banks Can Get ROI
Why do so many AI pilots fail in banking even when the technology itself works? In this episode, Vincent Fong, Fintech ... Read more
Gobi Partners Invests In Transak To Expand Regulated Digital Asset Payments In Asia
Gobi Partners has announced an investment in Transak, a company that provides regulated infrastructure for converting b... Read more
UnionPay Launches Agentic Payment Framework To Standardise AI-Driven Transactions
UnionPay has officially released the Agentic Payment Open Protocol (APOP) framework, a solution for agent-based payment... Read more
Standard Chartered Launches Real-Time FPS Payments For Offshore Firms And Paytech
Standard Chartered Bank Hong Kong (SCBHK) has joined the first group of banks in Hong Kong to roll out cross-border pay... Read more