Anti-Financial Crime & Financial Crime Compliance
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Asia-Pacific, Financial Services

Hong Kong officials arrest four and freeze assets in crackdown on major crime ring; nearly €100 million laundered in 11 months

FOUR PEOPLE have been arrested as Hong Kong customs officials shut down a laundering ring responsible for moving over HK$880 million (€93 million) in less than a year.

Hong Kong authorities believe one of the four arrested to be the leader of the crime syndicate. They have since frozen nearly HK$16 million (€1.7 million) in monetary assets.

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