HKMA and privacy watchdog collaborate for bank fraud probes in Hong Kong. Examinations aim to curb losses after 35,831 cases with HK$6.4B lost in 2025.
Regulatory authorities in Hong Kong have declared they will be conducting collaborative bank inspections focused on anti-fraud measures following losses totaling HK$6.4 billion from a concerning 35,831 cases of deception reported in 2025. This initiative aims to address the alarming surge in fraudulent activities within the banking sector and enhance protection for consumers.
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