Hong Kong teamed up with police from six regions to intercept HKD 157 million in fraudulent funds, a certain Money Laundering group used virtual assets to launder approximately HKD 118 million.
CoinVoice recently learned that the Hong Kong Police Force and anti-fraud centers in various countries or regions have established a cross-border anti-fraud cooperation platform "FRONTIER+", and from April 28 to May 28 this year, it launched its first joint operation with anti-fraud centers in six countries or regions, including Macau, Singapore, South Korea and Thailand, and successfully arrested 1,858 people, frozen more than 32,600 bank accounts, and intercepted HK$157 million of fraudulent funds.
The Chief Superintendent of the Commercial Crime Bureau of the Hong Kong Police Force, Wong Chan Yu, stated that over 13,115 fraud cases were recorded in Hong Kong in the first four months of this year, representing a year-on-year increase of 9%, with the total amount involved decreasing by about 30%. A money laundering group that has been active in Hong Kong and mainland China since July last year used over 580 bank accounts and virtual assets to launder approximately 118 million HKD. The police launched an operation on the 15th of last month and successfully arrested 12 people.
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Hong Kong teamed up with police from six regions to intercept HKD 157 million in fraudulent funds, a certain Money Laundering group used virtual assets to launder approximately HKD 118 million.
CoinVoice recently learned that the Hong Kong Police Force and anti-fraud centers in various countries or regions have established a cross-border anti-fraud cooperation platform "FRONTIER+", and from April 28 to May 28 this year, it launched its first joint operation with anti-fraud centers in six countries or regions, including Macau, Singapore, South Korea and Thailand, and successfully arrested 1,858 people, frozen more than 32,600 bank accounts, and intercepted HK$157 million of fraudulent funds.
The Chief Superintendent of the Commercial Crime Bureau of the Hong Kong Police Force, Wong Chan Yu, stated that over 13,115 fraud cases were recorded in Hong Kong in the first four months of this year, representing a year-on-year increase of 9%, with the total amount involved decreasing by about 30%. A money laundering group that has been active in Hong Kong and mainland China since July last year used over 580 bank accounts and virtual assets to launder approximately 118 million HKD. The police launched an operation on the 15th of last month and successfully arrested 12 people.