Two Dozen Helpers Arrested Over Money Laundering
"); jQuery("#212 h3").html("

"); });
2021-07-28 HKT 16:07
Police said on Wednesday that they had arrested 29 people, including 24 foreign domestic workers, in connection with a suspected HK$27 million money laundering scheme.
The force said a syndicate used 35 bank accounts belonging to helpers to launder money obtained via 20 romance scams in the past year.
The police's financial intelligence and investigation bureau said the scammers claimed on social media to be professionals from Europe, the United States or Southeast Asia and developed online relationships with the victims.
People were then conned into depositing money into the helpers' bank accounts which were being controlled by the syndicate.
In one case, a woman was allegedly cheated out of HK$1.68 million by a scammer who claimed to be a computer technician from Cyprus. The fraudster told the woman he would come to Hong Kong to meet her, but they subsequently lost touch and the woman reported the matter to the police in January.
The helpers were paid up to several thousand dollars for letting the syndicate use their bank accounts, police alleged.
Acting Superintendent Tang Hoi-tung warned people not to sell or lend their bank accounts to others.
Vietnam And South Korea Launch Cross-Border QR Payments
Vietnam and South Korea have launched cross-border QR payments that allow Korean users to pay merchants in Vietnam thro... Read more
WeChat Pay Integrates With Local QR Networks In 5 Asian Countries
WeChat Pay has integrated its service with national QR code networks in five Asian countries, simplifying cross-border ... Read more
Global Transition Finance Ecosystem Gains Momentum
The global transition finance ecosystem is gaining momentum. According to new research by the Hong Kong Institute for M... Read more
Banking Circle Taps PayGate To Ease KRW Cross-Border Payments Into South Korea
Global payments bank Banking Circle will now handle cross-border transactions and settlement flows for South Korean pay... Read more
Equinix AI Discovery Hub Opens In Hong Kong For Enterprise AI
Digital infrastructure company Equinix is partnering with Hewlett Packard Enterprise (HPE) to launch the Equinix AI Dis... Read more
Tencent, Alibaba Eye DeepSeek Stake As AI Startup Tops US$20B Valuation
Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, The Information reported, ... Read more
