Liberty Reserve

Liberty Reserve was a digital currency service based in Costa Rica with more than 1 million users when it was shut down after an investigation spanning 17 countries. US prosecutors accused it of helping criminals launder more than US$6 billion (HK$46.6 billion) in illicit funds.

An address in Happy Valley cited for Hong Kong firm Extension Asia.

Liberty Reserve tied to Hong Kong, China

A Hong Kong company, Extension Asia, deposited part of Liberty Reserve's "ill-gotten" funds now demanded by the US authorities at the Hong Kong branch of Bank of Communications, one of China's biggest banks, and a bank in Shenzhen, alleges a US court indictment filed by US prosecutors.