Hong Kong Customs today (19th) charged two 59-year-old women under the Organized and Serious Crimes Ordinance ("Ordinance") for 4 counts of "handling the proceeds of an indictable crime known or believed to represent property" (commonly known as money laundering). This case is the first time that Customs has invoked the "Regulations on the Cross-border Movement of Physical Currency and Bearer Negotiable Instruments" since the implementation of the "Regulations on the Cross-border Movement of Physical Currency and Bearer Negotiable Instruments" in July 2018. Cases involving cash-like objects for money laundering. The case will be brought up in Fanling Magistrates' Courts on the 28th of this month.
In the case, the two women repeatedly transported large amounts of cash-like items to Hong Kong at border control points between 2018 and 2019. After investigation, it was found that two women were suspected of handling suspected criminal proceeds worth a total of HK$280 million. Customs Organized Crime Bureau arrested two women in September 2019.
Original URL: https://hk.on.cc/hk/bkn/cnt/news/20230419/bkn-20230419190149537-0419_00822_001.html
