Hong Kong Police cracked HK$364 million money laundering case, CUHK girl arrested with cohabiting boyfriend
[Global Network Reporter Yin Yanhui] According to Hong Kong media such as "Toutiao Daily" and "Dagong", the Hong Kong police yesterday (June 24) cracked a money laundering case involving HK$364 million and arrested a pair in Tseung Kwan O Cohabitation of men and women, the case is still under investigation.
"Dagong" reported that the arrested man was 32 years old and reportedly unemployed; the arrested woman was 22 years old and reportedly a fourth-grade student at the School of Journalism and Communication of the Chinese University of Hong Kong. The two were cohabiting and were suspected of "disposing of property that they knew or believed to represent the benefit of indictable crimes" (commonly known as "money laundering").
Senior Inspector Zhou Yingjia, head of the 2E team of the Wealth Investigation Section of the Drug Investigation Division of the Hong Kong Police, said that the two were involved in the seven months from October last year to May this year. They used their personal bank accounts to collect 364 million Hong Kong dollars from unknown sources. . During the operation, the police froze the relevant account of HK$500,000 and seized two suspected mobile phones related to the case. Zhou Yingjia said that after initially knowing that the money involved in the case was deposited in the bank account of the person involved, it would be transferred to another person's account.
Regarding whether the case involves "revisions", "Toutiao Daily" quoted Zhou Yingjia as saying that the case is still under investigation. The police will trace the source and flow of funds, the background of the account holder and whether the case involves social movements. It will not be excluded in the future. More people were arrested.
Zhou Yingjia emphasized that the fight against "money laundering" is one of the police’s primary operational goals this year. The police will continue to conduct intelligence-led operations and actively investigate related crimes. Zhou Yingjia reiterated the use of bank accounts to deal with unknown sources of money, regardless of whether monetary compensation is involved, It is possible to commit the crime of "money laundering". According to the Organized and Serious Crimes Ordinance, Chapter 455 of the Laws of Hong Kong, once convicted, the maximum penalty is a fine of HK$5 million and 14 years in prison.