Hong Kong stands at the forefront of global finance, but its status as a leading financial hub makes it particularly vulnerable to financial crime. In 2024, financial institutions and regulators faced a growing need to strengthen their defences against evolving threats, including investment fraud, shell company misuse, account takeover (ATO) schemes, and cross-border money laundering. The city's rapid digital transformation, high transaction volumes, and complex trade networks further amplify these risks.
Our latest report, "Financial Crime Landscape in Hong Kong," report draws on expert insights from the Anti-Financial Crime (AFC) Ecosystem, validated against industry data and recent reports. It explores how emerging patterns such as smurfing, geographic mismatches, and layered transactions exploit Hong Kong’s financial infrastructure. The report also outlines actionable recommendations, such as leveraging AI-driven monitoring systems, enhancing cross-border collaboration, and promoting consumer awareness to mitigate these risks. By adopting innovative technologies and aligning with global AML standards, Hong Kong’s financial institutions have the opportunity to reinforce their defences, maintain global trust, and ensure resilience against financial crimes.
Download your copy today and take the first step toward smarter, safer payments.
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