Financial Crime World

Title: Joint Financial Intelligence Unit Warns Public against Fraudulent “Stop Order” in Hong Kong

Overview

  • The Hong Kong Joint Financial Intelligence Unit (JFIU) has issued a warning about a fraudulent “stop order” scam.
  • Scammers claim to be from JFIU and request recipients to pay a fee for a certificate verifying a financial transaction’s legitimacy.

The Scam

  1. Scammers use an unauthentic JFIU order to deceive individuals.
  2. The order requests the payment of a fee for the certificate.
  3. JFIU clarified no such order exists.

Protecting Against Scams

  • Scammers often solicit personal financial information or fees.
  • Be cautious, and do not disclose personal information to strangers.
  1. Verify the identity of the contact by reaching out to the organization directly.
  2. Avoid clicking on unknown hyperlinks or inputting information.

JFIU’s Warning

  • The JFIU encourages everyone to remain vigilant and remind their networks about financial scams.
  • Contact the Anti-Scam Helpline (18222) for advice or report any suspicious activities to the police.

JFIU and Financial Crimes

  1. The JFIU website offers resources for understanding anti-money laundering and counter-financing of terrorism laws.
  2. Reported illicit transactions and criminal activities help safeguard Hong Kong’s financial system.
  3. Failure to report knowledge or suspicion of crime proceeds or terrorist property is a criminal offense.

Conclusion

Stay informed and protect yourself from financial scams by following best practices and staying alert for suspicious communications. In case of uncertainty, contact the appropriate resources for guidance.