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Scams and swindles
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Vigilance is needed to prevent being duped by scams, the latest involving AI -generated images and imitated voices on a video call which duped company out of HK$200 million

Social media platforms must stay abreast of sinister technology developments that have ensnared Hong Kong leader John Lee and pop star Taylor Swift, among others.

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Case involving fictitious online sale of dog meat makes one thing clear: unless enforcement can stay ahead of the cybercriminals, Hong Kong’s dreams of shifting to more efficient cashless systems will keep barking up the wrong tree.

Hong Kong’s financial services watchdog rolls out security measures for the online payment system FPS. While new crime-fighting tools are welcome, diligence remains important.

  • Truong My Lan, chairwoman of real estate developer Van Thinh Phat Holdings Group, faces accusations of leading a scam of more than US$12 billion
  • She is accused of bribing officials to ignore her activities, including paying an alleged US$5.2 million to a senior central bank inspector, investigators say

Observers say to truly extinguish the criminal operations, Cambodian officials must go after ‘key figures’ protecting the industry dominated by Chinese scam gangs.

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Police say 80 men and 42 women arrested comprise suspected holders of 117 stooge accounts and five owners of registered SIM cards linked to some scam cases.

Discovery of JP Dragon and the group led by Luffy stemmed from arrest of over 30 Japanese nationals in November 2019 for running a telecoms fraud scheme.

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Police also find 3,238, or 42 per cent, of all crimes logged in first month of this year were scams, amid city’s ongoing battle with fraudsters.

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Trapped in a cycle of debt and exploitation by the host clubs of Tokyo’s Kabukicho nightlife district, ‘Yu’ found herself forced to work in a ‘soapland’ brothel in Macau.

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Commissioner of Police Raymond Siu says cooperation between the force and security industry can significantly bolster efforts to fight crime throughout the city.

One victim travelled from his home in northern India in the hopes of working for a consultancy in UAE. Instead, the 31-year-old science graduate was shipped off to a military base in Russia and given weapons training.

Cryptocurrency analysts are increasingly investigating the mechanics of how criminals hide their proceeds as Asia’s online gambling and scam industries grow ever more sophisticated.

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Swindlers impersonating mainland officials accused the victim of breaching national security law by sharing seditious messages on waste water treatment in Japan.

The government will submit a bill on licensing rules for stablecoin issuers and OTC trading services to the legislature ‘as soon as practicable’, says the city’s financial affairs chief.

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New York Attorney General Letitia James told ABC News she will seek to seize some of the former president’s assets if he’s unable to cover the bill from Judge Arthur Engoron’s February 16 ruling.

The Hong Kong Association of Banks, which represents all 160 banks in the city, also pledged to ensure personal data privacy as it steps up the mitigation of fraud risks.