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Hong Kong police bust triad syndicate laundering HK$600 million

Hong Kong police have arrested 147 individuals as part of an operation named 'Rapidhorse' that dismantled a triad syndicate. This group allegedly operated illicit drug and gambling dens and used coordinated bank accounts to launder approximately HK$600 million (US$76 million). Authorities stated that despite the ringleaders remaining hidden, the financial network of the syndicate was successfully dismantled. AI

RANK_REASON Law enforcement action against a criminal organization, not AI-related.

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Hong Kong police bust triad syndicate laundering HK$600 million

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  1. SCMP — Tech TIER_1 English(EN) · Leopold Chen ·

    Police dismantle alleged triad group that ran account centres to launder HK$600 million

    Hong Kong police have arrested 147 people after uncovering a triad syndicate suspected of setting up centres to coordinate bank accounts and handle HK$600 million (US$76 million) in allegedly illicit proceeds. Police said on Sunday that they had conducted a citywide operation cod…