Hong Kong police have arrested 71 people for operating stooge accounts used by scammers, with the largest case involving a senior director at a multinational company who was defrauded of HK$134 million after transferring the funds to criminals impersonating his chief executive. Inspector Tsang Kin-wa of the Hong Kong Island regional technology and financial crime…
The operator of Hong Kong’s Mandatory Provident Fund (MPF) has tightened its online security by scrapping an electronic verification system after scammers used forged identity cards to open accounts and steal residents’ pensions. Ayesha Macpherson Lau, chairwoman of the Mandatory Provident Fund Schemes Authority, said in a blog post on Sunday that the authority had…
Hong Kong’s anti-corruption watchdog has arrested 14 people, including a senior manager of a listed cleaning services company, on suspicion of bribery over the awarding of various contracts to subcontractors, and seized watches valued at over HK$10 million (US$1.3 million). While the Independent Commission Against Corruption (ICAC) did not name any companies, the Post learned…
Hong Kong police have arrested 20 people in connection with a series of fraud cases in which a 19-year-old college student allegedly led a gang posing as mainland Chinese secret agents to swindle victims out of more than HK$2 million (US$257,000). Chief Inspector Cheung Wai-shan said on Wednesday that the group – 16 male and…
Hong Kong police have arrested 20 people over a series of fraud cases in which a 19-year-old college student allegedly led a gang posing as mainland secret agents to swindle victims out of more than HK$2 million (US$257,000). Cheung Wai-shan, chief inspector of the force’s regional crime unit in Western district, said on Wednesday that…
Hong Kong customs has arrested five people on suspicion of laundering HK$8.9 billion (US$1.1 billion) in suspected crime proceeds over a four-year period, with investigators for the first time uncovering a syndicate using sophisticated fake shipping websites for “phantom trading”. Senior Investigator Tsoi Kim-fai of customs’ financial investigation bureau said on Tuesday that the operation…
China is highlighting its success in joint law enforcement with the sentencing of two men in a drug-related money laundering case following a tip-off from the United States. The People’s Daily stated on Saturday that officers in Shenyang, in northeast China’s Liaoning province, had received information in April last year from US authorities about a…
Hong Kong police have arrested five men on suspicion of posing as Mandatory Provident Fund (MPF) account holders to withdraw HK$1.8 million (US$231,300) from the city’s new online pension fund platform. The scam also prompted the Mandatory Provident Fund Schemes Authority, which manages the pension scheme, to immediately suspend its paperless verification process, known as…
A former Hong Kong government engineer was jailed for five years and three months on Tuesday for laundering HK$6.26 million (US$804,000) in illegal proceeds, having lived far beyond his legitimate income. The High Court heard that 60-year-old Zsa Sing-tak had also accepted a HK$40,000 bribe to favour engineering firms linked to a friend during tendering…
Crypto is a major vehicle for Chinese money laundering schemes. Criminals are using crypto to fuel the fentanyl drug trade. Crypto crime losses hit record levels in 2025. While the Chinese government has spent years enforcing strict capital controls, the country’s money launderers have spent those same years devising means of subverting such restrictions, including…