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Hong Kong should spare no effort in fight against financial crime

Source: scmp.com scmp.com
News Snapshot:

It’s not the kind of list that Hong Kong wants to top. But it may be the price we pay for being a premier financial hub. In a massive crackdown by law enforcement agencies from 10 jurisdictions on international scams, some US$752 million in losses have been identified, with Hong Kong accounting for 42 per cent of the total.Hong Kong police worked with their counterparts from Brunei, Canada, Indonesia, Macau, Malaysia, the Maldives, Singapore, South Korea and Thailand. Together, some 3,200 officers carried out the operation in recent months, arresting more than 3,000 people in connection with 138,000 cases of…

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