By Alisha Houlihan for AMLi
Chinese customs officials have busted a money laundering syndicate involving HK$411M (€50.9M).
Four men were arrested as part of the operation. An additional man was arrested in Hong Kong, on suspicion of controlling the scheme.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!