Is Hong Kong the world's capital of money laundering?

During a recent conversation with someone of financial disposition, we touched on the subject of money laundering. We spoke of HSBC and its travails but our friend said a more interesting angle was the amount of cash finding its way to Hong Kong from the mainland. The informality of such arrangements makes it difficult to assess the sums of cash involved. But our friend was given some indication when approached by a businessman from the mainland who offered him more than US$10 million in cash to invest in his business.

via Business feed http://www.scmp.com/business/article/1102452/hong-kong-worlds-capital-money-laundering