News list for " laundering"
The newly revised "Anti-Money Laundering Law of the People's Republic of China" will come into force on January 1, 2025. Ying Yong, Secretary of the Supreme People's Procuratorate Party Group and Prosecutor General, stressed that it is necessary to coordinate and strengthen the fight against money laundering crimes, accurately grasp the provisions of the revised Anti-Money Laundering Law on improving the scope of predicate crimes of money laundering, implement the Anti-Money Laundering Law and t...
The main criminal Qian Zhimin (transliteration, alias Zhang Yadi) has pleaded not guilty to all money laundering charges when he was tried at Southwark Crown Court in London. Some investors revealed that they also...
On October 21, Qian Zhimin (transliteration, alias Zhang Yadi), the main criminal in the UK's 60,000 bitcoin money laundering case and the Tianjin Blue Sky Grui 43 billion yuan illegal fund-raising case, was arrested in April this year and charged with two counts of money laundering. The British Criminal Prosecution Service accused her of possessing and transferring illegal cryptocurrencies on or before April 23. A man, Seng Hok Ling, has been charged along with her, pleading not guilty to one c...
The Hong Kong Customs and Excise Department smashed a money laundering syndicate and arrested four people suspected of using a number of shelf companies to receive a large number of overseas cross-border remittances and launder 1.50 billion Hong Kong dollars in virtual currency transactions. All of them are on bail pending investigation. About 2.20 million of their bank accounts have been frozen. Pan Yeqin, director of investigation at the Customs Organized Crime Bureau, said that they were...
Singapore's government is stepping up scrutiny of family offices and hedge funds and cleaning up inactive ones as a result of regulatory loopholes exposed by a mega-3 billion-dollar money laundering case. New rules require family offices to provide detailed information and invest at least 10 per cent or S $10 million in local projects. Industry insiders believe this could lead some wealthy Chinese to turn to Hong Kong.
