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.

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.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media