All three of Hong Kong’s issuing banks allegedly processed money linked to a vast money laundering operation run by Russian criminals with links to both the Russian government and the KGB, a report has claimed. Photo: AFP

Hong Kong’s currency issuing banks processed money laundered by Russian criminals: Organized Crime and Corruption Reporting Project

US$717m passed through Bank of China in Hong Kong, Macau and mainland China, US$545m through HSBC around the world, and US$29m through Standard Chartered in Hong Kong, the OCCRP study claims

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All three of Hong Kong’s issuing banks allegedly processed money linked to a vast money laundering operation run by Russian criminals with links to both the Russian government and the KGB, a report has claimed. Photo: AFP
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