Hong Kong law enforcement recently launched a large-scale anti-crime operation codenamed "Viper Arrow", successfully dismantling a criminal network involved in the illegal flow of nearly HKD 40 billion. During the operation, police arrested 82 suspects, including a 44-year-old senior member of the criminal group. According to several Hong Kong media reports, this senior figure is suspected to be the current leader of Sun Yee On, known by the nickname "Siu B".

This operation not only arrested the main suspect but also affected family members, including parents, cousins, and aunts. The police froze assets worth HKD 1.13 billion during the operation and seized goods valued at over HKD 15 million. These goods included HKD 8.26 million in cash, around 1,100 bottles of high-end liquor, luxury watches, designer handbags, gold bars, and a large number of bank documents, with a total value exceeding HKD 7 million.

The investigation shows that the criminal group is laundering money through complex financial operations. They use multiple shell companies to transfer unidentified funds into a bank account of a trust company, and then quickly disperse these funds into multiple personal accounts. It is worth noting that some of the funds were used to purchase virtual assets, reflecting that criminals are utilizing emerging financial tools for money laundering activities.

In addition, these illicit funds were also used to pay the personal credit card bills of executives at trust companies, and to purchase luxury goods such as designer bags, high-end watches, and jewelry. This behavior not only serves to launder money but also reflects the extravagant lifestyle of the criminals.

This action indicates that the Hong Kong law enforcement agencies are intensifying their efforts to combat money laundering crimes, especially those that utilize virtual assets and complex financial operations as new money laundering methods. This not only helps to maintain the financial order in Hong Kong but also provides important experience for international anti-money laundering cooperation.