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Major crypto bust in Hong Kong as customs officials arrest four and shut down laundering operation worth $1.2BN

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By Dan Byrne for AMLi

Customs authorities in Hong Kong have conducted a major operation against a laundering syndicate responsible for moving around HK$1.2BN (€130M) – most of it in crypto.

Four people were arrested on Thursday 8th July as part of the clampdown. One of them is believed to be the scheme’s mastermind.

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NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

 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

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