The prevalence of digital applications has made money laundering more sophisticated, police say. Photo: Shutterstock
The prevalence of digital applications has made money laundering more sophisticated, police say. Photo: Shutterstock

Hong Kong police to boost computing power for new anti-money-laundering squad to help screen surge in suspicious financial transactions

  • Reports of suspicious transactions, including those with suspected links to money laundering or terrorist financing, rose 10.7 per cent to 57,130 last year
  • Police’s new financial intelligence and investigation bureau hopes technology such as big data analytics system will help with suspicious-transaction reports and save manpower and time

The prevalence of digital applications has made money laundering more sophisticated, police say. Photo: Shutterstock
The prevalence of digital applications has made money laundering more sophisticated, police say. Photo: Shutterstock
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