Hong Kong SFC Plans to Collaborate with Police and Licensed Institutions to Freeze Fraudulent Funds Using "24/7 Payment Suspension Mechanism"

Odaily News According to Julia Leung, Chief Executive of the Hong Kong Securities and Futures Commission (SFC), the regulator received nearly 900 investment fraud complaints in 2025, with a quarter related to virtual currencies. The SFC will collaborate with the police, customs, the Hong Kong Monetary Authority (HKMA), as well as licensed securities firms and virtual asset service providers (licensed institutions). It will establish communication channels with licensed institutions and actively cooperate with the police's Anti-Deception Coordination Centre's "24/7 Payment Suspension Mechanism" to immediately freeze transfers suspected of fraud or posing high risks. (Aastock)