Thousands of Hong Kong bank accounts have been used to collect and launder about HK$4 billion (US$500 million) by local and international fraudsters in the past year, since the city’s anti-fraud squad was set up to discover such illicit payments.
Many account holders were mainlanders believed to have been recruited by underground money exchangers from mainland China. They worked with fraudsters to launder money swindled from victims, according to law enforcement sources.
A leading global and respected cyber and digital forensic agency, Digitpol is helping international businesses and banks in Hong Kong to deal with the rise in online bank scams and business fraud. Digitpol, which specialises in cybercrime, corporate investigations, fraud investigations and digital forensics helps local and international clients around the world to investigate and tackle online bankfraud in Hong Kong.
Digitpol’s reputation has resulted in local and International leading firms turning to them for their support. They have already cracked 100s of serious fraud cases in Hong Kong.
In 2018 more than US$195.3 million was defrauded from companies in Hong Kong and overseas, experts have warned that figure could increase in 2019.
As a result, with the increase in online business fraud local law firms and investigators are overloaded with case work. That has resulted in the financial sector facing serious fraud problems and being targeted by overseas fraudsters, with Digitpol on hand that now stops.
When asked how Digitpol is helping Hong Kong businesses to tackle business fraud a spokesman for the company replied: “Digitpol has key relationships with the Banking industry. If a company has been targeted by Internet fraudsters and funds have been transferred to a bank account in Hong Kong, we can help you, but only if you act fast. Digitpol can be deployed within minutes and can be in contact with the Banks and Police instantly.
Digitpol’s Head of Operational Services in Hong Kong told, if you suspect that you are, or have been, a victim of banking, email or internet fraud, the time to act is the most important element. The first approach is of most importance, a police report is to be filled at the Hong Kong Police Force, the report needs to be filled instant as the crime is discovered. If the report is filled in time there is a high possibility that the fraudster’s bank account can be seized and the funds frozen.
To file a Police report in Hong Kong, this can only be done in person at the police station. The Police will first need to be satisfied that a crime is actually committed, this is done by the examination of evidence and the evidence of a crime. If sufficient evidence is presented the Police will file a report. Digitpol can assist with compiling the evidence into a report and assist with the reporting for overseas victims.
Digitpol has one of the widest skillsets in the investigation industry. That means they can be on hand to tackle any type of investigation which includes Intellectual Property Crime, Cybercrime, Mobile Phone Forensics and Portable Device Forensics, Internal Risk Issues, and major Fraud Investigation.
In Hong Kong, money laundering carries a maximum penalty of 14 years’ imprisonment and a HK$5 million fine under the Organised and Serious Crimes Ordinance.Under the Theft Ordinance, the offence of obtaining property by deception carries a maximum penalty of 10 years in jail.
Digitpol can assist foreign firms and local by providing operational support and the collection of evidence, if and when possible, Digitpol in cooperation with the Police can investigate further. Digitpol can engage a legal partner to act on behalf of victims when the recovery of losses becomes a civil matter.
Digitpol’s Chief, Mr Martin Coyne told, there is no place in Hong Kong society for fraudsters and that no stone is been left unturned to trace and prosecute fraudsters in Hong Kong. The Police and Investigation teams are working 24/7 to fight banking and internet fraud.
To learn more about Digitpol and how they are helping to tackle business fraud in Hong Kong, please visit:
https://digitpol.hk/banking-scams-and-internet-fraud-in-hong-kong/
Media Contact
Company Name: Digitpol Hong Kong
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Phone: +85253360558
Country: HongKong
Website: https://digitpol.com