Anti-Financial Crime & Financial Crime Compliance
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Banking, LATAM

Hong Kong authorities arrest six people in latest Multi-Million dollar money laundering investigation

Authorities in Hong Kong have arrested six people in connection with a $322 Million (HK $2.5 Billion) money laundering scandal.

The five men and one woman are suspected to have laundered hundreds of millions of dollars worth of funds through 59 personal accounts at nine banks in Hong Kong, and were involved in over 2600 transactions between January 2018 and February 2020.

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