Hong Kong joined forces with six police to intercept 157 million Hong Kong dollar fraud, a money laundering group using virtual assets to launder about 118 million Hong Kong dollars

The Hong Kong Police Force, together with anti-fraud centres in several countries or regions, established an anti-fraud cross-border cooperation platform "FRONTIER +" and launched the first joint operation with anti-fraud centres in six countries or regions, including Macau, Singapore, South Korea and Thailand, from April 28 to May 28 this year. 1,858 people were arrested, more than 32,600 bank accounts were frozen, and 157 million Hong Kong dollar fraudulent payments were intercepted.
The Chief Superintendent of the Commercial Crime Bureau of the Hong Kong Police Force, Huang Zhenyu, said that in the first four months of this year, more than 13,115 fraud cases were recorded in Hong Kong, an increase of 9% year-on-year, and the amount involved decreased by about 30%. A money laundering group that has been active in Hong Kong and the mainland since July last year, the group uses more than 580 bank accounts and virtual assets to launder about 118 million Hong Kong dollars. The police launched an operation on the 15th of last month and successfully arrested 12 people.