The Hong Kong Monetary Authority (HKMA) has teamed up with banks and the police to launch a new public awareness campaign to combat rising scams that have defrauded the city’s residents to the tune of billions of dollars. The HKMA on Wednesday released the first video in the series titled “Click the Links, Fall for…
The Hong Kong Monetary Authority (HKMA) has teamed up with banks and the police to launch a new public awareness campaign to combat rising scams that have defrauded the city’s residents to the tune of billions of dollars. The HKMA on Wednesday released the first video in the series titled “Click the Links, Fall for…
The Hong Kong Monetary Authority (HKMA) has made it incumbent on banks to conduct a mandatory name-matching process on customers for real-time fund transfers, the latest step by the city’s financial regulator to tackle scams. Financial institutions have been urged to adopt “refined measures” on their instant fund transfer systems such as the Faster Payment…