Hong Kong Police dismantled the money laundering ring that moved 15 million through more than 550 accounts and traditions. Twelve suspects, between the ages of 20 and 40, were arrested in operations throughout the main mainland of China and Hong Kong. They are now facing accusations of conspiracy to commit money laundering, Hong Kong commercially I mentioned On May 17.
Record the shell account holders
According to the investigators, the group appointed people from the mainland to open the Shell Bank accounts. These recruits have received funds from various fraud plans.
They withdrew the money using various ATM cards, then sent the money to virtual exchanges. From there, it was converted into digital symbols and mixed in other transactions.
Source: IC3
Apartment in Mong Cook is used as a rule
According to reports from the chief inspector Le Yoen Chan, the union removed its operations from an apartment in Mong Cook since mid -2014. The main righteous recruits have been harvested there.
They processed illegal money through Shell accounts every day. In one raid on that apartment, the officers found 600,000 Hong Dan in cash and dozens of bank documents.
Hong Kong Police Statue $ 15 million in cash and crypto ring
The Hong Kong authorities dismantled a $ 15 million washing union, arrested 12 suspects and seized hundreds of ATM cards. The collection used the main mainland recruits to open the Shell accounts associated with illegal money.
Almost half … pic.twitter.com/mceldjfe3c– Crypto Town Hall (Crypto_townhall) May 18, 2025
The back leads to a big seizure
Supervisor Sherley Cook Cheng -Yi said that the police coincided with two main personalities from the apartment. One went to a bank, and the other used ATMs. Both of them and then go to a Encryption The exchange store in Tsam Tsui. The officers moved to about 770,000 Hong Dan.
In all raids, approximately 1.05 million Hong Dan regained about 134,000 in other currencies, as well as more than 560 ATM cards and several phones.
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The scope of fraud issues
He added that if more than 10 million Hong Dano were washing the money, it was equivalent to 58 separate fraud. Hong Kong fraud crimes increased by more than 12 % in 2024, with more than 10,000 people arrested.
Shell holders are more than 70 % of these arrests. Fraud now represents nearly half of the 95,000 criminal case in the city last year.
He calls for more strict penalties
The chief inspector Tsi Ka from the Crime Crime Office said that friends and family often lend their bank accounts to criminals. It urges judges to deliver the most solid rulings.
The current law allows about 14 years in prison and a fine of up to 5 million Hong Dan. But in the past two years, more than 100 convicted washing has received extra time – between three and 18 months.
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