Police believe they have smashed a money-laundering syndicate with the arrest of 14 people, including core members, for laundering HK$380 million through more than 60 local bank accounts. The suspects, nine men and five women aged between 23 and 56, were arrested during a two-day operation codenamed "Flydust." Of the sum, HK$25 million came from 50 local and overseas scams committed between April last year and October, police said. "Of the 50 scams, 13 were phone scams, eight investment, four online romance, four e-mail and 21 others." During the operation, police seized more than HK$370,000 in cash, 50 debit cards, phones, computers and bank documents.

Source: The Standard November 24, 2021 01:15 UTC