One arrested in HK$900 million money laundering case

A woman was arrested on Tuesday in connection with a money laundering case involving about HK$900 million.

The 39-year-old local woman was suspected of using her solely owned company bank accounts at various banks in Hong Kong to engage in money laundering activities and remitting suspicious funds from unknown sources between May 2021 and January this year.

The woman, who claimed to be a salesperson, was arrested this morning for "dealing with property known or reasonably believed to represent proceeds of an indictable offense." Customs officers also raided her apartment in Tsuen Wan and seized a batch of bank documents. 

Customs added that the arrestee has been released on bail pending further investigation, and the likelihood of further arrests is not ruled out.