Hong Kong hardest hit as cross-border scam crackdown uncovers US$752m losses
A cross-border crackdown on scams across 10 jurisdictions has uncovered US$752 million in losses, with Hong Kong bearing the largest financial impact. The operation, involving 3,200 officers from March 10 to May 7, targeted various fraud schemes including online shopping, employment, investment, and telephone scams. Authorities arrested 3,018 individuals in connection with 138,000 cases, with Hong Kong alone accounting for over 40% of the total losses. AI
