Hong Kong Police Pokida Ring for washing $ 15 million used by CRIPTO, 500 bank accounts

Hong Kong Police arrested 12 people involved in partitions of money laundering, which relied on the crypt and over 500 Stooge washing $ 118 million ($ 15 million), local news was reported.

The union was dismantled 15. Maja, resulting in arrest of nine men and three women in continental China and Hong Kong.

The suspects allegedly recruited others to open bank accounts to obtain income from fraud income, which were then converted to crippto Exchange stores on illegal funds, Hong Kong commercial commercial, export 17. May.

The criminal organization rented a residential unit in the Fourth Hong Kong to Mong Kok to plan and implement their money laundering activities. Of $ 15 million washing, more than $ 1.2 million was associated with 58 reported fraud cases.

Caught in action

The bust followed the police monitoring 15. May, when two recruits left union Mongo coke base – a visit to the bank, and the second Before, before he turned money into the CRIPTO Exchange Shop in the Neighborhood Tsim Sha Tsui.

The police arrested both individuals on the spot, appraits about $ 770,000 ($ 98,540) in cash before the funds can be washed. The other 10 individuals, between 20 and 41 years old, were arrested shortly afterwards.

Police took approximately 1.05 million dollars ($ 134,370) in cash, over 560 ATM cards, multiple mobile phones, bank documents and records related to CRIPTO transactions.

Senior Inspector TSE Ka-Lun Hong Kong Committee Criminal Bureau claimed that individuals often use bank accounts from their friends and families to make stolen funds.

Hong Kong reported 12% in growth annually Cheat reports in 2024 years, With the authorities that make more than 10,000 arrests related to fraud. Of these arrests, about 73% included individuals who held stooge Bank accounts.

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The turn comes as Hong Kong still removes its crypto regulatory framework to support local innovation, protects consumers and establish as Cripto Hub.

Hong Kong and Futures Commission and Futures introduced new rules for CRIPTO exchange Offering placing services In April. Two months earlier, the regulator of securities rolled the roadmap To improve market access, optimizing compliance, expand product offers, strengthen cryptic infrastructure and encourage relationships with players in industry.

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