Hong Kong customs detained three people for their involvement in a colossal money-laundering scheme, reported by the South China Morning Post.

The operation, valued at HK$1.8 billion ($228 million), utilised a cryptocurrency platform and bank accounts linked to shell companies to launder money.

These arrests came as a result of an extensive investigation into peculiarly frequent and sizable transactions, indicating a sophisticated attempt to obscure the illegal origin of the funds.

This case underscores the evolving challenges regulators face in monitoring and controlling financial transactions in the digital era.