Financial Crime World

Operations Against Money Laundering and Financial Crimes in Hong Kong

Recent Operations

Hong Kong has seen a series of operations targeting money laundering and other financial crimes. Here are some recent examples:

Operation WISEWORD

  • A confiscation order was granted at the High Court to forfeit HKD 70 million in crime proceeds.

Operation CLOSECIRCLE

  • 13 persons were arrested for conspiracy to money laundering.

Operation NEATVICTORY

  • 7 persons were arrested for money laundering.

Operation GOLDPLATTER

  • 10 persons were arrested for inciting money laundering.

Operation WARRIORBOLT

  • 16 persons were arrested for money laundering.

Joint operation with Macau

  • 22 persons were arrested in a joint operation against money laundering and other financial crimes.

Operation MAKEFAITH

  • 8 persons were arrested for laundering crime proceeds of HKD 90 million.

Other Notable Cases

In addition to these operations, there have been several notable cases involving fraudulent use of consumption vouchers, encashment of consumption vouchers, and a cross-border operation “獵狼” (Hunt the Wolf) resulting in the arrest of 9 persons who allegedly operated a “唱高散貨” (high-yield investment scheme) group.

Past Operations

Hong Kong has also seen several significant operations targeting money laundering and financial crimes in the past. Here are some examples:

Operation WISEWORD Summary

  • A summary of the operation, highlighting its success in combating money laundering.

Silver Action

  • 14 persons were arrested for laundering over HKD 3 billion.

Arrest of 14 persons

  • A crime group was involved in money laundering exceeding HKD 380 million.

Arrest of 2 persons

  • Persons were arrested for conspiracy to cheat HKD 6 million and money laundering.

Arrest of 32 persons

  • A group cheated “100% guaranteed personal loan” and other scams involving approximately HKD 55 million.

Yue Bin Operation

  • A joint operation between Hong Kong and mainland China against money laundering.

Arrest of 9 persons

  • Persons were arrested for setting up an overseas online gambling website and money laundering.

Arrest of 29 persons

  • Persons were involved in controlling local domestic workers for money laundering exceeding HKD 27 million.

Cross-border Operation

  • An operation was conducted to combat money laundering and illegal gambling groups.

These operations demonstrate the ongoing efforts of law enforcement agencies in Hong Kong to combat financial crimes, including money laundering, illegal gambling, and online scams.