Authorities in Hong Kong say they’ve cracked a massive, global money laundering operation that used the traditional banking system to wash approximately $1.8 billion. Seven people are now under arrest, accused of running a “large-scale transnational syndicate” powered by shell companies with fraudulent bank accounts, reports the Associated Press. The group’s phony businesses claimed to be...
source: https://dailyhodl.com/2024/02/23/1800000000-funneled-through-fraudulent-bank-accounts-in-massive-money-laundering-operation-report/