South China Morning Post
AsiaPac · 5 hrs ago
✦ 78✓ Factual
Hong Kong hardest hit as cross-border scam crackdown uncovers US$752m losses
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Quality 78/100
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Low partisan intensity — consistent with factual reporting✓ Fair headline
A cross-border scam crackdown involving 10 jurisdictions uncovered US$752 million in losses, with Hong Kong accounting for over 40 per cent of the total, including funds from a Singaporean firm transferred to multiple bank accounts.
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 said on Wednesday that it worked with law enforcement agencies in Brunei, Canada, Indonesia, Macau, Malaysia, the Maldives, Singapore, South Korea and Thailand...
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