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

HK police clamp down on laundering network responsible for moving nearly $30M in illicit profits; 29 arrested including ringleaders

By Dan Byrne for AMLi

Authorities in Hong Kong have arrested twenty-nine people – many of whom domestic helpers – in a major crackdown against a multi-million dollar money laundering syndicate.

The arrests took place during a series of raids across the city on Monday and Tuesday of this week, with five core members and several others now charged with conspiring to launder money – an offence which could land a guilty party up to 14 years in prison.

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