12th December 2024 – (Hong Kong) At midday today, A staff member from the exchange shop, SAI YAU KEE WORLDWIDE COMPANY LIMITED located at G/F, Block C, General Commercial Building, [...]

Hong Kong’s banking regulator fined a local unit of CITIC over violations of anti-money laundering rules. The Hong Kong Monetary Authority (HKMA) has imposed a penalty of HK$4 million ($510,000) [...]

A sophisticated fraud ring operating on online shopping platforms has been dismantled by Hong Kong police, resulting in the arrest of 11 individuals. The group allegedly used “mock banknotes” to [...]

Monetary Authority takes disciplinary action against Fubon Bank (Hong Kong) Limited for contravention of Anti-Money Laundering and Counter-Terrorist Financing Ordinance The following is issued on behalf of the Hong Kong [...]

Hong Kong Customs detects money laundering case involving about $1.6 billion Hong Kong Customs mounted an operation codenamed "Spark II" yesterday and today (October 15 and 16). Five local men, [...]

16th October 2024 – (Hong Kong) On the evening of 13th October, police received a report from a 53-year-old manager of a currency exchange shop, who claimed to have been [...]

Force highlights new ruse that targets those planning trips to Japan by offering fake currency exchange deals with favourable rates Hong Kong police have arrested 50 people in a seven-day [...]

Hong Kong Customs takes disciplinary actions against four licensed money service operators for breaching statutory requirements The Customs and Excise Department (C&ED) today (September 3) took disciplinary actions, including issuing [...]

‘A preliminary count shows around 100,000 yuan and several hundreds of Hong Kong dollars were stolen from the store,’ the force says Hong Kong police are poring over surveillance camera [...]

Criminal penalties for illegal currency exchanges have been added to Macau’s “Law to Combat Gambling Crimes”. The amendment, to be reviewed in the upcoming legislative session, includes prison terms for [...]

Police say they received eight reports of such money-exchange scams in the past two weeks, with financial losses exceeding HK$5.2 million Fraudsters are posing as money changers and offering attractive [...]

Two Taiwanese men were jailed on Wednesday for 28 and 30 months in Hong Kong’s first ever cash-smuggling case detected by customs, involving some HK$180 million. Freelancer Lu Hung-an, 53, [...]