CCB bank fraud seminar draws full house
The "Bank Fraud Seminar" held by the Commercial Crime Bureau (CCB) last month at the PHQ Auditorium attracted a almost full house of 280 security and compliance managers from 85 local banks and financial institutions. At the seminar, CCB introduced the latest modus operandi (MO) of frauds victimising banks and financial institutions. as well as the various preventative measures.
In his opening address, CCB Chief Superintendent Shelton Ng Sai-kuen emphasised the importance of forging close co-operation between law enforcement agencies and the banking industry in combating commercial crimes.
"Hong Kong, as a premier world trade and financial center, enjoys immense economic benefits brought by healthy commercial activities. However, fraudsters exploit the efficiency of our banking system and take advantage of the convenience offered by information technology to carry out fraudulent activities. As part of Hong Kong, both the Police and the banking industry are committed to creating and maintaining a favourable business environment here.
"CCB organises this seminar with a view to strengthening communication and sharing of valuable experience with the banking industry, so that we can achieve our mission - to help maintain Hong Kong's safe and stable business environment." Mr Ng noted.
Speakers of the seminar were all experienced CCB investigators from the Fraud Division, Counterfeit and Support Division, Intelligence Division and Technology Crime Division. Through case studies, they alerted the audience of criminals' latest MO, and the preventive measures the banking industry should take.
Besides fraud cases victimising banks and financial institutions, such as personal loan fraud, letter-of-credit fraud and mortgage fraud, the seminar also covered investment fraud and money laundering, with the latter using banks and financial institutions as the media for perpetrating crime. Other topics included payment card fraud, e-banking fraud and experience sharing between the police and the banking industry.
The Q & A session in the latter half of the seminar was very well received, with the attendants raising many questions and the speakers doing their best to provide detailed answers.
After the seminar, many attendants thanked CCB for conducting the seminar to raise their awareness of security, adding that the event had strengthened the co-operation and communication between the police and the banking industry.
CCB CSP Ng Sai-kuen emphasises the importance of co-operation between law enforcement agencies and the banking industry