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…
Many traditional forms of violent crime are in marked decline, with assault and wounding cases in 2024 falling to their lowest in 51 years at 3,614 incidents, and arson to the lowest in 40 years at 234 cases. If only those figures, released by Commissioner of Police Raymond Siu Chak-yee, were an accurate reflection of…
A private higher education institution in Hong Kong has said it discovered three cases of admissions fraud from mainland Chinese applicants last year, with some of the candidates asking others to attend entrance interviews or take international English tests on their behalf. Tung Wah College, which is seeking to apply for university status in the…
Hong Kong police have reached out to mainland Chinese authorities to discuss the possibility of educating students coming from across the border and their parents about scams before they arrive in the city, according to the head of the force. Police Commissioner Raymond Siu Chak-yee also said on Saturday the force was investigating whether any…
Hong Kong police have reached out to mainland Chinese authorities to discuss the possibility of educating students coming from across the border and their parents about scams before they arrive in the city, according to the head of the force. Police Commissioner Raymond Siu Chak-yee also said on Saturday the force was investigating whether any…
The number of scams reported in Hong Kong has increased by 11.7 per cent year on year, including more than 5,500 cases featuring a new type of deception involving fake customer service messages. Commissioner of Police Raymond Siu Chak-yee said on Tuesday that the force had recorded 94,727 criminal cases in 2024, a 5 per…
Hong Kong may require students to have lived in the city for a minimum period to be classified as “local” after some mainland Chinese professionals were accused of exploiting talent schemes to secure cheaper university tuition for their children. Secretary for Education Christine Choi Yuk-lin said on Tuesday she would take reference from jurisdictions such…
Hong Kong authorities will thoroughly investigate whether intermediaries luring residents into illegal work in Southeast Asia are being directly controlled by crime syndicates amid a resurgence in such scams, the security minister has pledged. Secretary for Security Tang Chris Tang Ping-keung also said on Saturday that the government would do its “utmost” to rescue 11…
A man in China became the target of ridicule on mainland social media after spending over 4 million yuan (US$550,000) on tipping a live-streaming anchor, all in a desperate attempt to hear her call him “brother”. He resorted to eating plain steamed buns to survive amid his financial ruin. The man, whose surname is Hong,…
ORLANDO, Fla – The holidays are upon us and so is the busy shopping season. According to research from Vericast, 74 percent of people plan to do their holiday shopping in November. According to a new survey, 24 percent of people say they plan to spend more than last year, but just over a third…