Dirty cash and assets amounting to HK$7.87 billion were seized by Hong Kong authorities in the first 10 months of 2018. Photo: Shutterstock

10-year high of HK$7.87 billion in dirty cash and assets seized in Hong Kong – but money laundering convictions down

  • Figure is 150 times the amount taken from criminals last year as police and banks step up investigations into suspicious transactions
  • Huge spike mainly due to one particular ongoing money laundering probe involving HK$7.3 billion worth of assets
Topic |   Crime in Hong Kong

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Dirty cash and assets amounting to HK$7.87 billion were seized by Hong Kong authorities in the first 10 months of 2018. Photo: Shutterstock
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