Hong Kong police arrest 18 over laundering HK$66 million in crime proceeds
Hong Kong police have arrested 18 people for allegedly laundering HK$66 million (US$8.5 million) in crime proceeds as part of a crackdown on a syndicate suspected of operating from hotel rooms across the city to process the money using stooge bank accounts.
The force said on Friday that the arrestees included four people suspected of acting as leading or core members, as well as 14 alleged stooge bank account holders. The group was arrested over the past two days.
“Our investigation shows that...
