Hong Kong police arrest 11 in second major money-laundering bust this week.

Hong Kong police have rounded up 11 alleged members of a local money-laundering syndicate suspected of washing more than HK$220 million (US$28.2 million) in criminal proceeds over the last two years in the second major crackdown on the illegal practice this week.

A force insider said the amount of illegal proceeds involved was expected to increase several times over after officers raided the San Po Kong offices of a remittance firm and seized cheque books linked to another 64 bank accounts on top of the 13 already connected to the case.

59 mins ago

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