Customs detected a suspected money laundering case and arrested a woman on Wednesday. She is suspected of remitting suspicious funds via local banks and participating in money laundering activities. Officers raided two residential premises and a licensed money changer on Wednesday and seized one mobile phone and four bank cards. A 51-year-old woman was arrested for dealing with property known or reasonably believed to represent proceeds of an indictable offence, commonly known as money laundering. The maximum penalty for money laundering activities upon conviction is a fine of HK$5 million and imprisonment for 14 years while the crime proceeds are also subject to confiscation.

Source: The Standard June 16, 2022 00:02 UTC