Chen – Charm – Daily News

HK$261 million of frozen crime funds may take 7 years to reach Hong Kong coffers

6 months ago02 mins

Hong Kong authorities froze HK$261 million (US$33.4 million) in suspected criminal proceeds linked to money laundering and drug trafficking last year, but experts say it may take as long as seven years for any of the funds to reach government coffers. According to data from the Joint Financial Intelligence Unit, run by police and customs,…

China seizes 430kg of cocaine aided by US intel, a sign anti-drug agreement may be working

China praises joint effort with US after pair sentenced for drug-related money laundering

8 months ago02 mins

China is highlighting its success in joint law enforcement with the sentencing of two men in a drug-related money laundering case following a tip-off from the United States. The People’s Daily stated on Saturday that officers in Shenyang, in northeast China’s Liaoning province, had received information in April last year from US authorities about a…