Banks in Hong Kong are doing a better job than expected at taking full responsibility and reimbursing lost funds after fraud events related to online banking or financial apps, according to a survey by financial technology company FIS. Some 53 per cent of the respondents said their banks assumed full responsibility and reimbursed all the…
China’s Mid-Autumn Festival holiday typically sees families reunite and give thanks, much like Thanksgiving in America. This year, Chinese-American pastor David Lin will have much to be thankful for when the holiday is marked on Tuesday. In a surprise move, Beijing freed the 68-year-old Sunday after he spent nearly 20 years in prison in a…
Hong Kong police have arrested 14 people in a crackdown on a cross-border syndicate that allegedly laundered more than HK$230 million (US$29.5 million) from bank accounts linked to dozens of job and investment scams, with victims losing more than HK$18 million. Chief Inspector Lo Yuen-shan of the commercial crime bureau said on Friday that members…