Three people, including a 42-year-old woman and two men aged 48 and 60, have been taken into custody by Hong Kong authorities for their suspected involvement in a money-laundering operation worth HK$1.8 billion. The alleged scheme centered around several shell companies and cryptocurrency platforms.
Customs officers discovered unusual financial activity in bank accounts connected to shell companies with no tax documents or identifiable addresses. These accounts processed up to 39 million Hong Kong dollars each day, prompting investigations due to their suspicious nature.
Between June 2021 and July 2022, it is said that the suspects set up five businesses and eighteen local bank accounts. These transactions allegedly allowed for over a thousand questionable financial dealings. The scheme included moving funds from undisclosed origins through various entities, making it harder to trace the money’s source.
Florence Yeung Yee-tak, head of the customs’ financial investigation unit, acknowledged the complexities in tracking down cryptocurrency-linked money laundering due to its borderless nature. However, despite these complications, customs relied on intelligence and carried out in-depth analyses of capital movements and financial investigations to combat the illegal activity.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Grimguard Tactics tier list – Ranking the main classes
- Maiden Academy tier list
- Mini Heroes Magic Throne tier list
- Castle Duels tier list – Best Legendary and Epic cards
- Fortress Saga tier list – Ranking every hero
- Unleash the Ultimate Warrior: Top 10 Armor Sets in The First Berserker: Khazan
- Kingdom Rush 5: Alliance tier list – Every hero and tower ranked
- Overwatch Stadium Tier List: All Heroes Ranked
- Hero Tale best builds – One for melee, one for ranged characters
2024-04-20 03:16