Hong Kong recorded more than 9,400 fraud cases in the first quarter of this year, with losses exceeding HK$1.85 billion, Hong Kong Police Commissioner Chow Yat-ming said.
According to Odaily, the number of cases fell by about 60 from the same period last year, while the loss amount rose by nearly HK$300 million.
Chow disclosed the figures at an anti-money laundering exhibition jointly organized by the Hong Kong Police Force’s Financial Intelligence and Investigation Bureau, the Hong Kong Monetary Authority, and the Hong Kong Association of Banks.
Hong Kong police said about 2,000 people were arrested in the first quarter in cases related to fraud and money laundering, with about 70% identified as holders of “stooge accounts.”
Police also said that under the law, a money laundering conviction carries a maximum penalty of a HK$5 million fine and 14 years in prison, and authorities may apply to the court for enhanced sentencing depending on the circumstances.
Hong Kong Reports 9,400 Fraud Cases in Q1, With Losses Exceeding HK$1.85 Billion
2026-06-21 08:14:03
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