Page 124 - Customs News Today

Trade-Based Money Laundering: Indian and Hong Kong customs collaborated to dismantle a money-laundering network exploiting synthetic diamond imports. Indian traders misrepresented these diamonds as real, exporting overvalued jewellery to Hong Kong. Detected by the Directorate of Revenue Intelligence, the scam involved inflating import values to remit currency overseas. Investigations revealed minimal funds returned from exports, hinting at elaborate money laundering. Despite Indian arrests, Hong...

Surat: Amid the economic crisis that has been caused because of the global slowdown, there has raised head another issue that has created shockwaves i.

This article was one of Herald Travel’s best-read stories of 2023 An Aussie traveller has detailed the “stressful” moment she nearly copped a $2000 fine,...

PADANG BESAR: The Perlis Royal Customs Department foiled 286 smuggling activities involving various commodities with seizures valued at RM5,983,463.19 and a total tax of RM3,852,890.08 so far this year.

Indian and Hong Kong customs collaborated to dismantle a money-laundering network exploiting synthetic diamond imports. Indian traders misrepresented these diamonds as real, exporting overvalued jewellery to Hong Kong. Detected by the Directorate of Revenue Intelligence, the scam involved inflating import values to remit currency overseas. Investigations revealed minimal funds returned from exports, hinting at elaborate money laundering. Despite Indian arrests, Hong Kong entities evaded cooperat...

In an exemplary case of bilateral cooperation and exchange of information, this crackdown showcases investigation and enforcement actions taken by both administrations under their respective laws to expose an international cartel.

THE Bureau of Customs-Customs Intelligence and Investigation Service (BoC-CIIS) is pursuing the four other tankers connected to the smuggling of 158,000 liters of unmarked fuel in Mariveles, Bataan last Dec. 16, 2023.

An Indonesian actor and YouTuber Baim Wong has recently been in hot water again for offering iPads at affordable prices of Rp1 million.

Crystal meth, cocaine, ketamine and cannabis top list of 8.4-tonne haul, about half from Hong Kong airport.

The stories that captured your attention over the past 12 months.