The anti-money laundering (AML) task force, formed by the Hong Kong Monetary Authority (HKMA) and the local police force, has made 71 arrests over a ten-month period and frozen some HK$2.8 million worth of assets, Arthur Yuen, HKMA deputy chief executive, announced yesterday. Set up as a pilot scheme in 2017, the Fraud and Money Laundering Intelligence Taskforce has shown “concrete results” since its establishment…
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