HK Police Arrest 20 Over Online Dating Scams

"); jQuery("#212 h3").html("

"); });
2021-12-01 HKT 11:56
Police on Wednesday said they had arrested 20 people on suspicion of money laundering over alleged online dating scams involving a total of HK$15 million.
The operation was jointly carried out with Interpol and police in Malaysia, where another seven people were arrested.
The police alleged that the suspects used online platforms to chat to their victims, who were asked to pay money for business investments or customs clearance fees for gifts.
The three men and 17 women arrested in Hong Kong are aged between 20 and 66. They were granted police bail pending further investigation.
"The biggest amount of money involved in one case was HK$1.8 million, the victim is a 29-year-old investment manager. He dated a suspect on an online platform, they discussed some investment proposals, and he fell into this fraudulent trap," said chief inspector Cheung Wai-ho from the police's cyber security and technology crime bureau.
The force said mobile phones, bank cards and documents were seized in the operation and there could be further arrests.
South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance
South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more
Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong
Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more
China And UAE Ink Deal To Boost Cross-Border Payment Cooperation
China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more
Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025
The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more
Citigroup Lays Off 3,500 In China As Part Of Global Overhaul
Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more
Hong Kong Expands Crypto Market With Derivative Trading For Investors
Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more