[Hong Kong police and banks cooperate to crack down on a cross-border money laundering group that laundered HK$231 million by buying cryptocurrencies] Golden Finance reported that the Hong Kong police actively cooperated with the banking industry to lock in a cross-border money laundering group active in Hong Kong and the Mainland and launched an arrest operation codenamed "Sinking". During the operation, the police arrested 11 men and 3 women aged between 23 and 50 for "conspiracy to launder money" and the amount involved exceeded HK$18 million. After analyzing the flow of funds, the police found that the suspects laundered HK$231 million by using local bank accounts and conducting cryptocurrency transactions between June and September this year. Chief Inspector Luo Wanshan of the Fraud Investigation Team of the Commercial Crime Investigation Bureau of the Hong Kong Police said that since August this year, through cooperation with banks, analysis and in-depth investigation of suspicious bank accounts have been conducted, and it was found that the cross-border group was suspected of using 43 local accounts to receive 34 frauds from different scams in Hong Kong between June and September this year, including job scams, telephone and investment scams, with a total amount of HK$18 million.