by Jyotsna Bucktowar | Feb 7, 2025
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or...
by Jyotsna Bucktowar | Jan 10, 2025
The Hong Kong Monetary Authority (HKMA) has issued an alert about a fraudulent website and internet banking login screen reported by Shanghai Commercial Bank. It reminds the public that banks will never ask for sensitive information like passwords or One-Time...
by AdrianaAMLP | Dec 12, 2024
Between November 2015 and July 2018, CITIC’s transaction monitoring system failed to detect suspicious activities due to incorrect implementation of detection rules. Additionally, it did not adequately investigate or document the background and purpose of certain...
by Jyotsna Bucktowar | Nov 28, 2024
In the Experience Sharing Forum, banks and Cyberport Hong Kong firms showcased AI use cases which had been successful in optimising and strengthening the monitoring systems. In his opening remarks, Raymond Chan, Executive Director (Enforcement and Anti-Money...
by Jyotsna Bucktowar | Jul 29, 2024
The Hong Kong Monetary Authority (HKMA) warns the public about phishing fraud and fake UnionPay International websites in the latest report. If you have shared personal information or account details with these counterfeit sites, please contact your payment system...
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