Hong Kong Securities and Futures Commission plans to collaborate with the police and licensed institutions to use the "24/7 stoppage mechanism" to freeze scam funds

2026-03-10 13:23:28

Mars Finance reports that Hong Kong Securities and Futures Commission CEO Julia Leung has stated that the agency has received nearly 900 investment scam complaints, a quarter of which are related to virtual currencies. The Hong Kong SFC will collaborate with the police, customs, the Hong Kong Monetary Authority, licensed brokers, and virtual asset service providers (licensed institutions) to establish communication channels. They will actively cooperate with the police’s Anti-Fraud Coordination Center’s “24/7 Stop Payment Mechanism” to freeze transactions involved in scams or high-risk transfers in real time.

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