Tuesday, October 20, 2020

Fraudsters use ‘thousands’ of Hong Kong bank accounts to launder HK$4 billion in one year

Fraudsters use ‘thousands’ of Hong Kong bank accounts to launder HK$4 billion in one year 1
By Olaalpha

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Fraudsters use ‘thousands’ of Hong Kong bank accounts to launder HK$4 billion in one year

 Thousands of Hong Kong bank accounts have been used to collect and launder about HK$4 billion (US$500 million) by local and international fraudsters in the past year, since the city’s anti-fraud squad was set up to discover such illicit payments. […]

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