Hong Kong authorities arrested two siblings that are accused of having washed $ 384 million over banks and cryptoplate form-regulation

The authorities in Hong Kong have arrested two people who are accused of having washed around $ 384 million through various ways, including a trading platform for cryptocurrencies. In the event of a conviction, the two threaten a maximum prison sentence of 14 years and a fine of $ 5 million.

a criminal offense

Two people who are accused of having washed around $ 384 million with a cryptocurrency platform were arrested, the regional government from Hong Kong said. The two, a 28-year-old woman and her 21-year-old brother, took place on December 28th after a search of her residential building by the customs of Hong Kong.

In an explanation in which the charges were explained, the government of the special administrative zone Hong Kong said that measures had been taken because the siblings “dealt with property, which is known or is reasonably assumed that it is income from a criminal act”, in accordance with the regulation on organized and serious crimes in the region (Oscco.). ).

The government's declaration also explains the investigative steps that were made before the arrests and states:

[The] Investigations showed that the two arrested between May and November last year had opened personal accounts at various banks in Hong Kong (including virtual banks) and a cryptocurrency trading platform and operated alleged money laundering by dealing with money from unknown sources.

In the meantime, the explanation revealed that the two siblings were now released against the deposit, but indicated that the investigation continued, while "the probability of further arrests is not excluded".

criminals can be detained for a maximum of 14 years

According to the OSCO, a person is considered punishable "if they have to do with property and knows or have reasonable reasons to assume that this property is in whole or in part directly or indirectly the earnings of a person from a criminal act".

Those who find this crime are guilty of a maximum prison sentence of 14 years of a fine of $ 5 million, while the proceeds of their activities expire to the state, the explanation says.

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Terence Zimwara

Terence Zimwara is an award -winning journalist, author and author in Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.

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