Hong Kong customs arrests 51-year-old woman on suspicion of laundering more than HK$350 million over 3 years

Hong Kong customs have arrested a 51-year-old woman for allegedly using her bank accounts to launder more than HK$350 million (US$44.5 million) in suspected criminal proceeds over a period of three years.

According to a senior customs official on Wednesday, the department’s investigation showed the woman had allegedly laundered the funds, including one transaction involving HK$15 million, using 23 bank accounts between November 2018 and October 2021. But he said the suspect had only earned HK$15,000 per month working for a money exchange company.