Hong Kong suffered the most significant losses, accounting for over 40% of the US$752 million lost in a cross-border scam crackdown involving 10 jurisdictions. Funds were transferred to multiple bank accounts in Hong Kong and Singapore.

Hong Kong accounted for the largest share of losses uncovered in a cross-border scam crackdown spanning 10 jurisdictions, making up more than 40 per cent of the US$752 million total. The single-largest loss involved a Singaporean firm whose funds were transferred to multiple bank accounts in the city and Hong Kong. Hong Kong police said on Wednesday that it worked with law enforcement agencies in Brunei, Canada, Indonesia, Macau, Malaysia, the Maldives, Singapore, South Korea and Thailand...