![]() ![]() ![]() The situation is worrying: in Hong Kong, a city with a population of 7.5 million, deception cases reported to the Police have more than tripled in recent years with similar increases in financial losses to victims, local and overseas. The speed of some of the changes has been unprecedented. The pandemic which pushed more of our financial business online was a contributing factor, as were the rapid advances in financial technology that make things so convenient for us, in particular the rise in online-only services and real-time payments, which have also proved very attractive to criminals. In the last few years, financial crime, especially digital fraud, has become a more serious concern. Let me start by thanking Regulation Asia – there really is no substitute for face-to-face events to share knowledge and experience in our objective of combating fraud and financial crime.Īnd I don’t need to highlight here that our common task has got harder. ![]() It is my great pleasure to address the Fraud and Financial Crime Summit again this year. ![]()
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