Hong Kong nets only small fry for laundering illegal Chinese money

Luo Juncheng, a delivery man and school dropout from China’s Guangdong province, was 19 years old when he opened an account at Bank of China subsidiary Chiyu Bank in Hong Kong in mid-2009. Over the next eight months, he moved more than HK$13 billion ($1.7 billion) through the account, making nea…

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Hong Kong nets only small fry for laundering illegal Chinese money

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