China and Hong Kong police work to stop online fraud

Hua Mulan

Staff member

Guangdong and Hong Kong teamed up to successfully intercept 15.7 million cases of fraud
Wen Wei Po

The African Nigerian telecommunications network fraud group, which has become famous throughout the world in recent years, recently extended to Hong Kong. The Guangdong-Hong Kong police team successfully helped a Hong Kong company intercept information regarding 2 million US dollars (about 15.7 million Hong Kong dollars) of fraudulent funds to the Nigerian fraud group. At present, the Hong Kong police have filed a case for further investigation. Guangdong police said that criminal group hackers attacked corporate mailboxes, forged remittance orders, misled financial personnel, and defrauded huge amounts of money. It is reported that such criminal means have been frequently issued recently, and the target of the crime is mainly local companies in international business, including foreign trade enterprises in coastal areas such as Guangdong.

According to reports, telecommunications fraud is still in a phase of high-risk. Since the beginning of this year, the two-level anti-fraud center in Guangdong Province has saved 150,000 people from potential fraud and recoverd 2 billion yuan in losses (RMB, the same below). During the same period, victims had a debt of 85 million yuan returned, of which more than 23 million yuan has been returned to people outside Guangdong province.

On May 25 this year, the Shenzhen Anti-Telecom Network Fraud Center received a request from the Hong Kong police. An international wealth management company was defrauded a huge sum of money and needed to be intercepted in the two places.

Wang Zhengtu, deputy head of the anti-fraud brigade of the Criminal Police Department of the Shenzhen Public Security Bureau, who was involved in the case, introduced the Hong Kong citizen Feng Mou, who is the head of the Hong Kong Wealth Management Company. The company received the parent company in Switzerland on May 24. The email stated that the company had an acquisition project, which it kept secret and required the Hong Kong company to pay the deposit. Feng Moxin believes that on the following day, according to requests in the email, 2 million US dollars would be deposited from the Swiss bank account into a China Communications Bank account for the purchase project deposit.

However, when subsequently communicating with the parent company, the latter did not receive the relevant funds and the receiving account was incorrect. Feng realized that he had been defrauded and quickly alerted the Hong Kong police.

The Hong Kong Police Force Commercial Crime Bureau's Fraud Coordination Centre immediately contacted the Shenzhen Police to swiftly carry out fund interception. In the end, with the assistance of the Offshore Department of the Bank of China, the funds were successfully intercepted.

At present, the Hong Kong police have filed a case to investigate the case. According to Wang Zhengtu, looking at the current situation it was clear that the case was also committed by a Nigerian criminal group.

For corporate e-mails, criminal groups use the "collision library" and related hacking techniques to decipher passwords, master e-mail content, accurately grasp the company's activities, and then conduct fraud, which is very secretive and deceptive.

"For example, in this case, the criminal gang learned that the company was undergoing a cross-border acquisition and needed to transfer money. At this time, they sent a remittance request to the e-mail address of the company, and the misleading financial personnel likely remitted the money after receiving the email. The police dealing with the case said.

Fraudsters apply for offshore accounts on the Mainland

The bank card chosen by the criminals and the name of their account are also very particular. Nigerian criminals use the police entry document information and the unconnected space of the banking system to apply for a personal offshore account on the Mainland, in the name of a tampering company. "It is easy to mislead the financial staff of the deceived company and transfer money, but in fact it is transferred to a personal account."

According to the police, this has been the usual method used by the Nigerian electric fraud group in recent years. Local companies in Hong Kong have frequent foreign businesses and cross-border capital exchanges. These are the main targets of these criminal groups. At the same time, foreign trade enterprises in the eastern coastal areas of the mainland are also some of their fraud targets.

In response to this situation, Guangdong police also strengthened their collaboration with Hong Kong police. According to Liang Ruiguo, political commissar of the Criminal Investigation Bureau of the Guangdong Provincial Public Security Bureau, electric fraud is an area of priority cooperation between Guangdong and Hong Kong police. Last year, the two sides established a cooperative mechanism, including the exchange of information, the interception of funds, etc., all of which have a complete working mechanism.

"In the context of the construction of the Greater Bay Area of Guangdong, Hong Kong and Macao, the cooperation between the two sides will only become closer. In the fight against electric fraud, we can conduct joint operations with the Hong Kong police abroad. It can also allow the Hong Kong police to cooperate on the Mainland to enforce the law. In short, it is necessary to protect the "money bags" of the people of the three places." Liang Ruiguo said.