Wire fraud threats have been on the rise in recent years, with Hong Kong becoming a particularly attractive destination for fraudsters due to its status as a global financial hub. Criminals are using increasingly...more
Over the Lunar New Year period, we observed a spate of email wire frauds (or ‘business email scams’) which involve funds being wired internationally to bank accounts in Hong Kong. The amounts transferred vary from a few...more
Email wire fraud scammers continue to target local and international businesses with victims suffering millions of dollars of lost funds wired to Hong Kong bank accounts.
In December 2016, the Hong Kong Legislative...more