Hong Kong police arrest bank employees in alleged money-laundering case

Hong Kong's police arrested seven former and current bank employees in the city for their alleged involvement in an US$810 million money-laundering case, Agence France-Presse reported Jan. 20, citing the city's Commercial Crime Bureau.

Police declined to disclose names of the banks, which employed the staff.

The arrested employees allegedly helped a key member of the international money-laundering syndicate in opening at least 14 business accounts, which handled a total of HK$6.3 billion in illicit funds, investigators said. The accounts, which were opened between 2017 and 2018, used names of 16 people from mainland China and Belgium, according to the report.