Hong Kong Unveils Enhanced Anti-Scam Charter 2.0 To Combat Digital Fraud

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have launched the Anti-Scam Consumer Protection Charter 2.0, a comprehensive initiative that significantly enhances measures to protect the public from credit card scams and digital fraud.

This updated charter builds upon the previous version by incorporating over 230 financial and merchant institutions from various sectors, including banking, insurance, and retail, aiming to provide comprehensive protection against digital scams.

The initiative is supported by major regulatory bodies and sectors across Hong Kong, signifying a collective approach towards safeguarding the public.

The Anti-Scam Consumer Protection Charter 2.0 outlines four fundamental principles designed at assisting Hong Kong residents to identify and avoid scams and phishing attacks. It emphasises that no participating institution will send electronic messages that prompt customers for personal or financial information via embedded hyperlinks.

Eddie YueHong Kong Charter 2.0

Eddie Yue

Eddie Yue, Chief Executive of the HKMA, remarked on the significance of expanding the charter.

“Following the positive response to the initial launch, we’re now introducing Charter 2.0 with wider participation across sectors. This move aims to bolster the public’s defense against scams through a collaborative effort,”

he said.

Julia LeungHong Kong Charter 2.0

Julia Leung

In a coordinated effort, the Securities and Futures Commission (SFC) has also encouraged participation in Charter 2.0, highlighting the commitment of 83 SFC-licensed corporations, representing over 80 percent of all active clients in the sector.

Julia Leung, CEO of the SFC, stressed the importance of vigilance among securities clients against fraudulent impersonations.

“The strong support our licensed corporations are pledging to the cause shows the determination of our industry leaders to stamp out investment scams and frauds,”

said Julia Leung, SFC’s Chief Executive Officer.

Featured image credit: Edited from HKMA

RECENT NEWS

SFC Report Unveils Major Cybersecurity Breaches Among Licensed Corporations

Hong Kong’s Securities and Futures Commission (SFC) SFC Thematic Review Report has flagged significant cybersecurity ... Read more

Hex Trust Secures Morgan Creek Digital Investment, Total Capital Hits US$100M

Hex Trust, a digital asset financial services company specialising in custody, staking, and market services, announced ... Read more

Hong Kong Green Fintech Growth Part Of Steering Groups 2025 Top Targets

The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) met on 6 February 2025 to outline its ke... Read more

Ant International Appoints Jiang-Ming Yang As Chief Innovation Officer

Ant International has appointed Jiang-Ming Yang as Chief Innovation Officer (CIO), effective immediately. In this role,... Read more

CoinBest Rebrands To OSL Japan, Strengthening Commitment To Digital Assets

OSL Group (863.HK), a publicly listed digital asset company, announced the renaming of CoinBest K.K. (CoinBest) to OSL ... Read more

Weixin Cross-Border Payments Surges To 134% During The Spring Festival

Weixin shared its latest data on cross-border payments, international user activity, and Mini Program usage during the ... Read more