BUSINESS● ELEVATEDJun 23 · Jun 23, 2026, 10:15 AM
Hong Kong police arrest 69 over laundering HK$200m from cross-border fraud
South China Morning Post
Hong Kong police have arrested 69 people linked to a syndicate suspected of laundering about HK$200 million (US$25.5 million) from cross-border investment fraud affecting more than 170 victims. The force said on Tuesday that 54 men and 15 women, aged between 18 and 60, were arrested on Monday in a joint operation with mainland Chinese authorities for money laundering, involving “mule” bank accounts. Losses from investment scams in Hong Kong reached HK$920 million between January and March, a 17...
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.
More in Business
BUSINESSnowMunicipal Securities Underwriters Pay a Total of $325,000 in FinesSECBUSINESSnowSEC CHAIRMAN ARTHUR LEVITT, IOWA OFFICIALS TO HOLD INVESTORS’ TOWN MEETING IN DES MOINESSECBUSINESSnowHow Afreximbank's PAPSS aims to connect Africa to the rest of the worldJeune AfriqueBUSINESS13m agoHow the Ivorian Yeshi wants to accelerate in CameroonJeune Afrique