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Hong Kong Customs Busts Suspected Money Laundering Case Involving Stablecoins, Involving Approximately 11.5 Billion Yuan
Summary: According to reports from Sing Tao Daily, Hong Kong Customs today busted a suspected money laundering case involving smuggling cash and virtual assets, with an amount of approximately 11.5 billion yuan, and arrested a local man and a non-local man. Hong Kong Customs officers identified a 37-year-old local man and a 50-year-old non-local man and ...
According to reports from Sing Tao Daily, Hong Kong Customs today busted a suspected money laundering case involving smuggling cash and virtual assets, with an amount of approximately 11.5 billion yuan, and arrested a local man and a non-local man. Hong Kong Customs officers identified a 37-year-old local man and a 50-year-old non-local man and conducted a wealth investigation, discovering that the two individuals smuggled cash out of the country and engaged in large-scale stablecoin and fiat currency transactions with unclear funds, which did not match their background and financial status, suspected of engaging in money laundering activities.
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Link: Hong Kong Customs Busts Suspected Money Laundering Case Involving Stablecoins, Involving Approximately 11.5 Billion Yuan [Copy]
