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HashNews👩🏻🌾 @HashNews01 on x 2367 followers
Created: 2025-07-22 12:55:40 UTC
Hong Kong Customs Uncovers Money Laundering Case Involving Stablecoins, Totaling Approximately XXXX Billion HKD
According to HashNews, Hong Kong Customs today uncovered a suspected case of money laundering involving smuggling of cash and virtual assets, with a case amounting to approximately XXXX billion HKD. The police have arrested a local male and a non-local male suspect. Customs have detained a 37-year-old local male and a 50-year-old non-local male, and have launched an asset investigation which revealed that the two individuals smuggled cash out of the country through clandestine channels, and frequently and rapidly conducted large transactions of stablecoins and legal tender, inconsistent with their backgrounds and financial status, suspected of being involved in money laundering activities. During the operation, customs officers seized a batch of suspected items involved in the case, including mobile phones, tablets, and bank cards. The case is still under investigation, and the two arrested individuals are currently on bail pending investigation, with the possibility that more arrests may be made.
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Related Topics virtual hong kong dollar stablecoins money kong hong kong