Hong Kong’s record money-laundering bust

Questions are raised about banking oversight after a Chinese man is convicted of laundering HK$13 billion through Chiyu Bank.

Nick Ferguson

January 30, 2013

In Hollywood mob movies, money laundering typically involves a complex web of sham businesses (preferably including a lap-dancing club), but a court case in Hong Kong last week told a different story.

¬ Haymarket Media Limited. All rights reserved.

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