Hong Kong police uncovered a cross-border money laundering operation involving HK$230 million in crypto transactions, with two mainland Chinese individuals sentenced for laundering HK$17.3 million.
Hong Kong’s Commercial Crime Investigation Division exposed a major cross-border money laundering network, processing HK$230 million in crypto transactions. Two mainland Chinese suspects were convicted of laundering HK$17.3 million between August and September 2024, receiving sentences of 28 and 43 months, respectively.