According to US prosecutors, billions in drug proceeds went via Hong Kong bank accounts to casinos, Chinese currency exchange houses, export companies and factories. Photo: Bloomberg

Colombian drug cartels used Hong Kong banks to launder more than US$5bn

US court documents reveal at least US$5bn in illicit proceeds 'cleaned' in HK and the mainland

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According to US prosecutors, billions in drug proceeds went via Hong Kong bank accounts to casinos, Chinese currency exchange houses, export companies and factories. Photo: Bloomberg
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