Two cohabiting men and women involved in money laundering arrested for 364 million yuan, including 1 college student

Burst

Written by: Huang Diwen, Lin Zhenhua

2020-06-23 16:54

Police today (23) arrested a 32-year-old man and a 22-year-old man who were reportedly unemployed in Tseung Kwan O on suspicion of "handling property known or believed to represent proceeds from indictable crimes", commonly known as money laundering. A female student in the fourth grade of a local university. The two people were involved in the period from October last year to May this year, using two personal bank accounts to collect about 364 million yuan of unidentified money, and then transferred the money away. The police are still investigating the source and whereabouts of the funds, and there is no evidence to show that it is related to the anti-revision movement.

Zhou Yingjia, Senior Inspector of the Wealth Investigation Section of the Drug Investigation Division, said that the police found that two people used two personal bank accounts from October last year to May this year to collect about 364 million yuan of unknown origin funds, and then transferred the money Turn away. The police subsequently frozen the account for about 500,000 yuan and seized telephone and other exhibits. The two were cohabiting and were still detained for enquiries. The police did not rule out the arrest of more people.

Zhou Yingjia pointed out that the police are still investigating the source and whereabouts of funds, and there is no evidence to show that it is related to the anti-revision movement. She reminded that if a bank account is used to process money of unknown origin, whether it involves remuneration or not, it may be guilty 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 14 years' imprisonment and a fine of 5 million yuan. In addition, members of the public should be vigilant about ways to claim "quick money". Do not hand over identification documents, bank account numbers or personal financial management passwords to strangers to avoid falling into the wrong net.

Money laundering