Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering Operation

News Bytes - Operation Racer: Hong Kong Authorities Dismantle Cryptocurrency Laundering OperationHong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly […]

Source: https://news.bitcoin.com/operation-racer-hong-kong-authorities-dismantle-cryptocurrency-laundering-operation/

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