Hong Kong arrests 2 siblings for allegedly laundering nearly $50 million via crypto exchange and banks
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Hong Kong authorities on Tuesday arrested two siblings on the suspicion of laundering nearly $50 million through various platforms, including a cryptocurrency exchange and several banks.
Customs officers arrested a 28-year old woman and her 21-year-old brother in their home in Yau Tong, a residential district in Hong Kong, for «dealing with property known or reasonably believed to represent proceeds of an indictable offense,» the government said in a statement.
Investigations revealed that the duo opened personal accounts from May to November 2020 and allegedly dealt with money from unknown sources through bank transfers, cash deposits, and crypto.
The siblings reportedly received around $12.8 million from
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