Hong Kong Police Crack Major Money Laundering Syndicate

Hong Kong police have dismantled a sophisticated cross-border money laundering operation that involved over 12 individuals, according to reports from PANews. The operation, dubbed ‘Night Raid,’ resulted in the arrest of these individuals and the seizure of HK$118 million in ill-gotten gains. criminals used mainland Chinese citizens to create a network of fake bank accounts in Hong Kong, primarily used to receive funds from various fraudulent schemes.