Customs punishes a 3 billion money laundering case and arrests a family of 5 and the licensee of a money changer


Last Thursday (10th) the Hong Kong Customs took a law enforcement action codenamed "Shadow Hunting" and successfully detected a suspected money laundering case involving HK$3 billion, which is the highest in the history of the same type of cases handled by the customs. A total of 6 men and women aged between 25 and 62 were arrested in the operation, including a licensee of a local money changer and a family of 5, who were suspected of using personal bank accounts to process a total of more than HK$3 billion in funds of unknown origin since 2018 .

Customs stated that it received intelligence earlier this year to lock a money laundering syndicate and conduct a wealth investigation. Customs officers took action last Thursday, raided 4 residential units and a money change shop in Sheung Wan, and arrested 6 locals ( 25 to 62 years old), including a family of 5 and a money changer licensee, suspected of conspiracy to launder money.

Customs investigation found that the five members of the family have opened 100 personal bank accounts since 2018, processing a total of 3 billion yuan. Among them, 170 million yuan came from the same money changer. The Customs then frozen the 30 million yuan of assets of the person involved, including 15 million yuan in bank deposits, and two properties worth 7 million and 8 million yuan respectively, and revoked the license of the money changer last Friday (11).

Source: ON.CC