Hong Kong police arrest 69 over laundering HK$200m from cross-border fraud

Hong Kong police have arrested 69 people linked to a syndicate suspected of laundering about HK$200 million (US$25.5 million) from cross-border investment fraud affecting more than 170 victims. The force said on Tuesday that 54 men and 15 women, aged between 18 and 60, were arrested on Monday in a joint operation with mainland Chinese authorities for alleged money laundering, involving “mule” bank accounts. Losses from investment scams in Hong Kong reached HK$920 million between January and...