HONG KONG BANK STAFF ARRESTED IN $810 MILLION LAUNDERING PROBE

On 20 January, Yahoo Finance reported that 7 former and current bank employees have been arrested in Hong Kong as part of a major operation against a $810 million international money laundering syndicate.  Investigators said those detained are alleged to have helped a key Hong Kong-based member of the syndicate apply for business accounts, including falsifying company documents and coaching applicants for interviews.  At least 14 business accounts were opened between 2017 and 2018 using names of 16 people from mainland China and Belgium.

https://au.finance.yahoo.com/news/hong-kong-bank-staff-arrested-063700699.html

 

 

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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