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Red faces over suspicious transactions Save Share A leading figure in the Law Councilâs campaign to scuttle new anti-money-laundering rules was unaware that his firm acted for disgraced Chinese billionaire Huang Xiangmo. HWL Ebsworth, which shelved its ambitious IPO plans just last month, had a cameo role in last yearâs freezing orders application by the Tax Office against Huang. Trust amendments that Chinese billionaire Huang Xiangmo replaced as beneficiary by family members were on an HLW Ebsworth letterhead, the ATO says. Â Ryan Stuart The ATO said that while it was finalising a $140 million tax assessment for Huang, he was removed as a beneficiary of trusts that hold hundreds of millions of dollars of property assets, and replaced by family members. ....