Fund houses in HK: at risk from money laundering?

Recent money-laundering cases that unveiled some $2.6 billion in money illegally stashed in retail banks in Hong Kong have cast a pall over the city's reputation as a global financial centre. In January a 22-year-old delivery man from Guangdong province faced the courts for laundering HK$13.1 billion ($1.7 billion), in what is the largest money-laundering case to emerge in Hong Kong. In another case, a public housing tenant, also from the mainland, was jailed in March for launderi…