Hong Kong customs officers have arrested two men who allegedly smuggled cash out of the city and made suspicious transactions, including with stablecoins, to launder HK$1.15 billion (US$146.5 million).
A Customs and Excise Department spokesman said on Tuesday that an investigation into the pair found they had repeatedly smuggled cash out of the city. The suspects also made transactions using stablecoins and regular currency, with officers finding the source of funds to be questionable.
The…
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