CoinVoice has recently learned that according to a report by Sing Tao Daily, a cross-border money laundering group has been manipulating mainlanders to open bank puppet accounts in Hong Kong since last year to launder more than 88 million yuan in black money, some of which are related to 48 fraud cases. The police arrested 7 men and 1 woman yesterday (13th) on suspicion of conspiracy to launder money, 6 of whom are core members of the group. [Original link]