Story perspectives

HK Authorities Freeze $33.4M in Money Laundering Proceeds

2/22/2026

Summary

Story summary

In 2025, Hong Kong authorities froze HK$261 million (US$33.4 million) in suspected proceeds from money laundering and drug trafficking.
An official said asset freezing requires investigations and court procedures before funds enter the treasury.
From 2018 to 2024, authorities confiscated HK$869 million in criminal proceeds, with annual totals varying.
In 2025, 927 individuals were convicted of money laundering.
The HK$261 million frozen does not include HK$2.75 billion linked to businessman Chen Zhi and Prince Holding Group.

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Story summary

In 2025, Hong Kong authorities froze HK$261 million (US$33.4 million) in suspected proceeds from money laundering and drug trafficking.
An official said asset freezing requires investigations and court procedures before funds enter the treasury.
From 2018 to 2024, authorities confiscated HK$869 million in criminal proceeds, with annual totals varying.
In 2025, 927 individuals were convicted of money laundering.
The HK$261 million frozen does not include HK$2.75 billion linked to businessman Chen Zhi and Prince Holding Group.