Hong Kong hardest hit as cross-border scam crackdown uncovers US$752m losses
Hong Kong accounted for the largest share of losses uncovered in a cross-border scam crackdown spanning 10 jurisdictions, making up more than 40 per cent of the US$752 million total. The single largest loss involved a Singaporean firm whose funds were transferred to multiple bank accounts in the city and Hong Kong. Hong Kong police…