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The Daily Hodl 2024-02-23 20:04:50

$1,800,000,000 Funneled Through Fraudulent Bank Accounts in Massive Money Laundering Operation: Report

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 The post $1,800,000,000 Funneled Through Fraudulent Bank Accounts in Massive Money Laundering Operation: Report appeared first on The Daily Hodl .

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