HK$10 Million Money Exchange Robbery

In News, Social Issues by Parvesh ShamdasaniLeave a Comment

The SCMP reports of a violent robbery that took place as a money exchange employee was on his way to a car. This is when a gang of four attacked him with a glass bottle on Wednesday night and stole HK$10 million (US$1.3 million) in cash.

The cash was from a money exchange in Far East Mansion that was being collected by three employees from another exchange as part of their business transaction. The incident took place in 30 seconds and was well organised, the culprits arranged a getaway car with a fake license plate number.

The article mentions the robbery was “premediated” as the gang appeared to have knowledge of the time and location of delivery, and made distraction plans to aid their escape. There have been many robberies in Tsim Sha Tsui recently so we remind everyone to stay vigilant, change your route frequently, not carry too much money, get insurance when transporting large amounts if possible, and most importantly, conduct “know your employee” and internal secrecy measures to reduce the risk of “insiders” becoming complicit in these illegal acts.

Business and compliance enthusiast, problem solver, road warrior, police ID check magnet, and half geek whose exploits have taken him around the United States, United Kingdom, Caribbean, India, deep into Southeast Asia and West Africa. Entered the anti-money laundering and high risk field to help develop understanding, contribute research, improve standards, prevent profiteering at the expensive of SMEs, and to protect interests of the average person.
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