Romance Scams in Hong Kong: How to Protect Yourself

In Hong Kong, falling in love online has become almost as risky as lending money to that friend who’s “definitely going to pay you back this time.” Romance scams have evolved into sophisticated financial fraud operations where criminals spend months building fake relationships before convincing victims to hand over their life savings for imaginary crypto […]

What are the Penalties for AML Non-Compliance in Hong Kong?

Here’s something worth considering about Anti-Money Laundering compliance in Hong Kong: the penalties for getting it wrong are designed to be memorable. Take China CITIC Bank International, which recently paid HK$4 million to the Hong Kong Monetary Authority for suboptimal transaction monitoring. The bank’s automated systems failed to flag suspicious transactions for nearly three years […]

Facing Elimination: Former FEMA Administrator Deanne Criswell Reacts

Dear Nonprofit Security Friends, Over the past six months, FEMA has been starved of experienced leadership at the helm, has forced upwards of a quarter of its employees to leave, has delayed or made resources unavailable, and has operated in an opaque and disengaged manner with the public and stakeholders. The result: Self-imposed disfunction. In […]