From April 26 to May 3, Hong Kong Customs took an enforcement operation code-named "Whirlpool", successfully dismantling a money laundering syndicate involving more than HK$3.5 billion, and arrested 4 males and 4 female locals suspected of being involved in the case, aged between 24 To the age of 68, including a key member of a money laundering syndicate. Customs has arranged to freeze the bank deposits of about HK$2.7 million of the money laundering syndicate. The Customs Organized Crime Bureau will hold a briefing tomorrow (9th) to summarize the details of the operation.
The 38-year-old key member of the money laundering group successively recruited four local people including his wife, and opened local companies and company bank accounts to assist in the processing of suspected criminal proceeds. The five of them, together with three other local people suspected of being involved in the case, opened multiple local companies and company bank accounts from 2021 to 2022, and handled more than 2,000 suspicious transactions involving more than HK$3.5 billion.
Original URL: https://hk.on.cc/hk/bkn/cnt/news/20230508/bkn-20230508201526958-0508_00822_001.html
