Hong Kong Customs detects money laundering case involving about $1.6 billion
Hong Kong Customs mounted an operation codenamed "Spark II" yesterday and today (October 15 and 16). Five local men, aged between 34 and 71, were arrested for conspiracy or aiding to "deal with property known or reasonably believed to represent proceeds of an indictable offence" (commonly known as money laundering) under the Organized and Serious Crimes Ordinance (OSCO). They included a former compliance officer and a company secretary of a money changer, a bank staff member and former company directors. The total amount involved was about $1.6 billion.
In October last year, Customs mounted an operation codenamed "Spark" and cracked down on a money changer suspected of money laundering in which the compliance officer laundered about $600 million from unknown sources by setting up a shell company. After an in-depth follow-up investigation, it was further found that the compliance officer manipulated two other shell companies and opened a total of 23 accounts at a number of local banks to deal with over 4 000 suspicious transactions since 2020. Meanwhile, the investigation also found that a bank staff member was suspected of assisting the relevant arrested persons to evade the bank’s monitoring of customers’ transactions.
During the operation, a number of mobile phones were seized and the five persons who were suspected of assisting in dealing with the suspected crime proceeds in the accounts were arrested.
The investigation is ongoing. All arrested persons have been released on bail pending further investigation, and the likelihood of further arrests is not ruled out.
Customs reminds members of the public that they risk committing the crime of money laundering if they use bank accounts to assist in dealing with money from unknown sources, regardless of whether a monetary reward is involved.
Under the OSCO, a person commits an offence if he or she deals with any property knowing or having reasonable grounds to believe that such property, in whole or in part, directly or indirectly represents any person's proceeds of an indictable offence. The maximum penalty upon conviction is a fine of $5 million and imprisonment for 14 years while the crime proceeds are also subject to confiscation.
Members of the public may report any suspected money laundering activities to Customs' 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002/).
AMS open day promotes National Security Education Day
To promote the National Security Education Day, the Auxiliary Medical Service (AMS) held an open day at its headquarters in Ho Man Tin today (April 19). The event aimed to enable members of the public to learn about the work of the AMS in safeguarding national security, to enhance public awareness of national security, and to further deepen their understanding of the daily operations and services provided by the AMS.
Addressing the opening ceremony, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said that safeguarding national security is the common responsibility of all. National security is not confined to single area; it is closely linked to finance, public health, and everyday community life. Among the 20 major fields of national security, biosecurity is closely related to the work of the AMS. The AMS provides various services to the public, including non-emergency ambulance transfer services, first aid coverage during large-scale public events, as well as duty at country parks and cycling tracks. The AMS spares no effort in safeguarding the safety and health of the general public. He would like to express his heartfelt gratitude to the members of the AMS for their unwavering dedication and commitment to protecting the public.
The Commissioner of the AMS, Dr Ronald Lam, said that this year marks the beginning of the country's 15th Five-Year Plan, and the theme of this year's National Security Education Day is "Proactively Align with the 15th Five-Year PlanFollow a Holistic Approach to Development and Security". The AMS has been strengthening members' and cadet corps' understanding of national security through various channels. In the past year, the AMS organised the "Together, We Set a New Record" event, setting a Guinness World Record for "Most pairs of people applying arm slings simultaneously", to promote the importance of first aid knowledge to the public. He expressed gratitude to all sectors for their support to the AMS, and added that the AMS will spare no effort in safeguarding national security and contribute to building a healthy and safe Hong Kong.
The open day featured a variety of engaging activities, including national security-themed game booths, first aid demonstrations, band foot drills, medical and health seminars, health screenings, as well as displays of ambulances and first aid bicycles. Through these activities, members of the public could gain a deeper understanding of the daily work of the AMS, access more health information, learn about developments in the healthcare sector, and at the same time enhance their awareness of national security.
AMS open day promotes National Security Education Day Source: HKSAR Government Press Releases
AMS open day promotes National Security Education Day Source: HKSAR Government Press Releases
AMS open day promotes National Security Education Day Source: HKSAR Government Press Releases
AMS open day promotes National Security Education Day Source: HKSAR Government Press Releases
AMS open day promotes National Security Education Day Source: HKSAR Government Press Releases
AMS open day promotes National Security Education Day Source: HKSAR Government Press Releases
