Man sentenced for money laundering
********************************** A 33-year-old man was sentenced to nine months¡¦ imprisonment at the Kowloon City Magistrates¡¦ Court today (September 16) upon conviction of six counts of money laundering.
In late 2004, officers of the Police Commercial Crime Bureau detected a string of e-banking theft cases involving crime proceeds remitted to other countries through stooges over the Internet.
The court heard that the defendant was recruited through ICQ for allegedly money remittance work on September 29, 2004. He later provided his own bank accounts to an unknown party over the ICQ and was promised a 10 per cent commission of the amount remitted.
Between September 30 and October 5, 2004, six sums each of HK$20,000 were illegally transferred to the accounts provided by the defendant. He then withdrew the sums through automatic teller machines and remitted them to other countries through a remittance agency.
The defendant was subsequently arrested and charged with six counts of dealing with property known or believed to represent proceeds of an indictable offence. He pleaded guilty to all the charges and was sentenced to nine months¡¦ imprisonment at the Kowloon City Magistrates¡¨ Court today.
Police Report No. 9
********************************** A 33-year-old man was sentenced to nine months¡¦ imprisonment at the Kowloon City Magistrates¡¦ Court today (September 16) upon conviction of six counts of money laundering.
In late 2004, officers of the Police Commercial Crime Bureau detected a string of e-banking theft cases involving crime proceeds remitted to other countries through stooges over the Internet.
The court heard that the defendant was recruited through ICQ for allegedly money remittance work on September 29, 2004. He later provided his own bank accounts to an unknown party over the ICQ and was promised a 10 per cent commission of the amount remitted.
Between September 30 and October 5, 2004, six sums each of HK$20,000 were illegally transferred to the accounts provided by the defendant. He then withdrew the sums through automatic teller machines and remitted them to other countries through a remittance agency.
The defendant was subsequently arrested and charged with six counts of dealing with property known or believed to represent proceeds of an indictable offence. He pleaded guilty to all the charges and was sentenced to nine months¡¦ imprisonment at the Kowloon City Magistrates¡¨ Court today.
Police Report No. 9
Ends/Friday, September 16, 2005
Issued at HKT 23:38
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