Financial Crime Financial Crime

Hong Kong money-laundering reports up 11 percent, partly due to Covid-related fraud

By Ben Lucas
  • 09 Feb 2021 04:17
  • 09 Feb 2021 04:46
Hong Kong’s financial intelligence unit recorded an 11 percent increase in reports about suspicious financial transactions in 2020, compared with 2019.

In 2020, a total of 57,130 so-called Suspicious Transaction Reports, or STRs, were filed to the Joint Financial Intelligence Unit, or JFIU, according to new data published by the city’s police force

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