Odaily Planet Daily News Hong Kong police launched an operation code-named Yimen yesterday, arresting a total of 7 local and foreign persons on suspicion of conspiracy to launder money. The arrested persons suspected of opening a total of 48 puppet accounts, and then used cash withdrawals to defraud and trade Virtual currency, laundering more than 110 million yuan in criminal proceeds.
Li Zhipeng, Inspector of the Financial Intelligence and Investigation Division of the Hong Kong Police, said that after the criminal group received the funds from the fraud, some of the cash was suspected to be used to buy virtual currency to conceal the source of funds. He reminded that bank accounts, securities should not be rented, lent or sold for any reason account, any stored value facility account. (Ming Pao)