Hong Kong Customs Unveils Major Money Laundering Bust

In an extraordinary crackdown, Hong Kong Customs dismantled a local money laundering syndicate involved in laundering a staggering $2.6 billion. This ambitious operation, codenamed "Glitters," ran from August 26 to September 15 and resulted in the arrest of four key members connected to the illicit scheme.

Operation Highlights Serious Financial Crimes

The investigation, which commenced earlier this year, focused on suspicious financial activities linked to three local companies. Between August 2023 and January 2025, these entities received enormous illicit funds, prompting authorities to take action. The arrested individuals, aged 25 to 56, are believed to include the operation’s masterminds and were apprehended for involvement in what is widely recognized as money laundering under the Organized and Serious Crimes Ordinance.

Raids and Seizures: A Closer Look

During the operation, Customs officers executed multiple raids across Hong Kong, targeting both residential and commercial properties. They seized essential electronic evidence, including mobile phones, computers, and various documents tied to the financial operations. In a decisive move, assets totaling $2.5 million were also frozen.

Legal Consequences Loom for the Arrested

The four individuals are currently out on bail as investigations proceed, but authorities hint that more arrests could be on the horizon. Under the law, participating in money laundering is a serious offense, punishable by up to 14 years in prison and hefty fines. The fight against financial crime continues to be a priority for Hong Kong’s law enforcement.

Reporting Suspected Activities

Hong Kong Customs urges the public to remain vigilant and report any suspected money laundering activities. Individuals can reach out through various channels, including a 24-hour hotline or dedicated email, to contribute to the fight against financial crime.