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@ tzongocu
2025-05-18 01:31:33
📰 News Alert...
🔖 Title: Hong Kong Police Unravel $15 Million Crypto Money Laundering Ring
🗓️ Published: 2025-05-17T12:00:00+08:00
📄 Summary: In a significant breakthrough, Hong Kong police have dismantled a cross-border money laundering syndicate that laundered approximately HK$118 million ($15 million) through over 500 fraudulent bank accounts. On May 15, officers arrested 12 suspects, including nine men and three women, after observing suspicious activities linked to the laundering of proceeds from various fraud cases. The operation highlights the growing concern over crypto-related financial crimes amidst Hong Kong's evolving regulatory landscape aimed at fostering innovation while safeguarding consumers.
🔗 [Read more here](https://www.hkcd.com.hk/hkcdweb/content/2025/05/17/content_8695268.html)
🗞️ Source: Cointelegraph by Brayden Lindrea
💓 #CryptoCrime #MoneyLaundering #HongKong