Hong Kong police have arrested 22 locals in a crackdown on what they believed was the city’s first bookmaking and money-laundering racket that had taken advantage of financial technology to collect more than HK$500 million (US$64 million) in bets on international gambling websites.The citywide arrests of 17 men and five women, aged 21 to 67, were made over the past weekend.Investigators believed among those detained were the mastermind, five core members, a money changer and 15 individuals who…



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