If the suspects are proven guilty, they face 14 years in prison and a fine of more than $ 640,000 with confiscation of property.
Hong Kong Customs Dec 28
arrested two suspects of money laundering over HK $ 384 million ($ 48 million) through bank accounts and a cryptocurrency exchange. The Hong Kong customs authorities obtained information from anonymous sources about the illegal activities of the suspects.
Customs officers carried out a special operation in the Yau Tong residential area of ​​Hong Kong, during which they arrested money laundering suspects: a 28-year-old woman and her 21-year-old brother. After a thorough investigation and search of the suspects’ apartment in Yau Tong, customs officials said the two suspects had opened accounts between May and November 2020 at several banks in Hong Kong, including an online bank and a cryptocurrency trading platform. Using the above channels, criminals carried out bank transfers and cryptocurrency transactions.
Hong Kong Customs said the suspects were arrested for money laundering. The investigation is ongoing and a series of arrests will soon follow.
The suspects were released on bail under certain conditions, but are likely to be remanded in custody soon. If the suspects are found guilty, according to Hong Kong law, they will spend a maximum of 14 years in prison, pay a $ 5 million HK $ (over $ 640,000) fine and have their property confiscated.
Recently, Major General of the Thai Police Montri Tethan reported the arrest in Bangkok of a criminal who attracted 500 million baht (more than $ 14 million) in cryptocurrencies to the Onecoin fraudulent project. In 2019, Thai immigration officials arrested 24 Chinese citizens who were running a call center linked to cryptocurrency scams.
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