Hong Kong customs seizes fake medicinal products worth HK$1.1 million, arrests 5

Hong Kong customs seizes fake medicinal products worth HK$1.1 million, arrests 5

Hong Kong customs has seized counterfeit Chinese proprietary medicine and other items worth HK$1.1 million (US$140,127) in raids on four shops in commercial districts, and arrested a company director and four staff members. The Customs and Excise Department said on Thursday the counterfeit medicines included Angong Niuhuang pills and Ricqles Peppermint Cure, as well as…

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Customs works with University of Hong Kong to develop crypto transaction tracer

Customs works with University of Hong Kong to develop crypto transaction tracer

Customs officials are working with the University of Hong Kong to develop a tool that can trace cryptocurrency transactions, with the authority stressing it had recorded seven suspected money laundering cases involving virtual assets and more than HK$9 billion (US$1.1 billion) in recent years. Mario Wong Ho-yin, assistant commissioner for intelligence and investigation at the…

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