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Saturday, Feb 22, 2025
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Customs smashes Hong Kong money-laundering ring accused of smuggling HK$166 million over world’s longest sea crossing
Hong Kong customs officers have broken up a money-laundering ring accused of smuggling nearly HK$170 million (US$21.8 million) in criminal proceeds out of the city over three months via the world’s longest sea crossing, arresting five people in the first crackdown of its kind.
Couriers were hired to take the money over the Hong Kong-Zhuhai-Macau Bridge and investigators suspect that part of the cash was laundered through Macau casinos, the Post has learned.
Officers from the Customs and Excise Department seized HK$20.3 million in cash along with money transfer recipients and mobile phones during a law enforcement operation that ran between Thursday last week and Monday. They also froze HK$580,000 in bank accounts belonging to some of the suspects.
Officers from the Customs and Excise Department seized HK$20.3 million in cash along with money transfer recipients and mobile phones during a law enforcement operation that ran between Thursday last week and Monday. They also froze HK$580,000 in bank accounts belonging to some of the suspects.
