PANews, May 17 - According to the Hong Kong Commercial Daily, the Hong Kong police launched an operation code-named "Night Strike" to dismantle an active boundary crime group involved in money laundering between Mainland China and Hong Kong. The money laundering group recruited individuals from Mainland China to open bank accounts in Hong Kong to benefit from fraud cases and then arranged for them to withdraw cash from the bank, bringing the money to virtual asset exchange stores to convert it into cryptocurrency for money laundering. During the operation, 12 men and women were arrested, involving criminal proceeds amounting to 118 million HKD.

Chief Inspector Luo Yuanshan of the Fraud Investigation Division of the Hong Kong Commercial Crime Bureau stated that from July 2024 to May 2025, the crime group recruited individuals from Mainland China to act as puppet account holders, with the accounts primarily used to receive proceeds from various types of fraud cases. During this period, over 500 bank accounts were used to launder 118 million HKD. Among them, 10 million HKD has been confirmed to belong to part of the criminal proceeds from 58 reported fraud cases, in which victims suffered losses of approximately 43.2 million HKD.