Burst
Written by: Ling Yide
2019-12-20 17:45
Last updated: 2019-12-20 19:16The anti-revision case has lasted for half a year. In the past, the Spark Alliance, which provided support and fundraising platform for the arrested, was accused of money laundering by the police yesterday, arrested 4 members, and frozen the account of HK $ 70 million.
More than 47,000 suspicious transactions reported this year
According to figures from the Joint Wealth Intelligence Unit, the agency responsible for managing suspicious transaction reporting mechanisms, as of November 30 this year, there were 47,558 suspicious transaction reports received this year, 150 million frozen assets, and 12 million yuan confiscated. 95 people were convicted of money laundering. In the past 6 years, the Joint Wealth Intelligence Unit has received more than 350,000 suspicious transaction reports, and 18.7% of cases will be referred to relevant departments for further follow-up.
The "Spark Alliance" was accused of money laundering by the police yesterday, arresting four members and freezing HK $ 70 million in accounts. (Profile picture)
90% of reports come from banks
The Joint Wealth Intelligence Unit is composed of the Police Department and Customs. It is the only agency responsible for managing the reporting mechanism of suspicious transactions. The agency will cooperate with different agencies to combat money laundering. According to the website information of the Joint Wealth Intelligence Unit, institutions will receive suspected money laundering reports from banks, insurance companies, securities companies, money changers, etc., most of which come from banks, accounting for nearly 90% or more. Taking 2018 as an example, of the 73,889 suspicious transactions received, 68,146 were reported by banks, accounting for 92% of the total.
Every year, the Joint Wealth Intelligence Unit will receive reports from different people about suspected money laundering. This year, for example, as of November 30, there were 47,558 suspicious transaction reports received, and the total value of restricted assets exceeded 150 million. Of these, 17 million were confiscated. After reviewing the money laundering situation from 2013 to 2018, the number of suspicious transaction reports obtained indirectly in 6 years reached 35,000, and the number of suspicious transaction reports finally released was 66,000, which is about 18.7% of cases that can be delivered Law enforcement or regulatory agencies followed up, and the rest failed to have sufficient information for further follow-up; from 2013 to 2018, the joint wealth intelligence unit frozen assets amounted to 9.5 billion, and confiscated properties amounted to 1.5 billion.
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Money Laundering Spark Alliance