Thousands of bank accounts are believed to have been used to collect and launder swindled money over the past year. Photo: SCMP
Thousands of bank accounts are believed to have been used to collect and launder swindled money over the past year. Photo: SCMP

Fraudsters used ‘thousands’ of Hong Kong bank accounts to launder HK$4 billion in one year

Since the city’s anti-fraud squad was set up a year ago, international and local scammers and fraudsters have been collecting illicit payments using bank accounts in Hong Kong

Thousands of bank accounts are believed to have been used to collect and launder swindled money over the past year. Photo: SCMP
Thousands of bank accounts are believed to have been used to collect and launder swindled money over the past year. Photo: SCMP
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