Hong Kong Monetary Authority: Will strengthen information sharing among banks and add "FPS" warnings

Odaily Planet Daily News The Hong Kong Monetary Authority stated that it received 954 bank complaints involving fraud in the first nine months of this year, exceeding the total of 555 cases for the whole of last year. The bureau issued a notice to banks yesterday, requesting the provision of sufficient resources and experts to ensure that the banking industry's key cooperation measures in combating fraud in the three areas of information sharing, transaction monitoring and customer warnings are launched as scheduled, including plans to "transform" within the next two months. Shukuai has added a warning to remind users not to transfer funds to suspicious accounts. (Economic Journal)