The local police’s anti-fraud unit intercepted nearly $400 million in a year that saw scams result in over $1 billion of money laundering.
More than HK8.33 billion ($1.07 billion) of proceeds from online, phone and investment scams were laundered in Hong Kong last year, according to an «SCMP» report.
The local police’s Anti-Deception Coordination Center intercepted almost $3.07 billion ($400 million) – up from HK$3.03 billion in 2019 and an all-time high since the unit was established in July 2017.
Some 2,600 stop payment requests from victims, police sources and numerous business and personal bank accounts – potentially more than 10,000 – in Hong Kong were believed to be used to collect and launder the funds.
