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NEWS: Hong Kong protestors fundraising platform’s HK$70M (€9.2M) confiscated over money laundering links

Premium September 26, 2022
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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

By Alisha Houlihan for AMLi

A High Court in Hong Kong confiscated HK$70M (€9.2M) linked to a fundraising platform on Monday after it was allegedly used to launder raised funds from donations to support protesters.

Between June and August 2019, Spark Alliance, a group formed in 2016, launched a fundraising campaign on different social platforms to collect donations for helping arrested activists, according to The Standard.

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Premium

NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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