Fraudulent Claim to be an Authorized Institution Supervised by the HKMA
The Hong Kong Monetary Authority (HKMA) received enquiries from the members of the public regarding a firm fraudulently claiming that it is being supervised by the HKMA and can conduct gold trading on behalf of its customers.
The HKMA would like to remind the public that the lists of authorized institutions (http://www.hkma.gov.hk/eng/key-functions/banking-stability/banking-policy-and-supervision/three-tier-banking-system.shtml), the register of stored value facility licensees (http://www.hkma.gov.hk/eng/key-functions/international-financial-centre/regulatory-regime-for-svf-and-rps/regulation-of-svf/register-of-svf-licensees.shtml) and the list of approved money brokers (http://www.hkma.gov.hk/eng/key-functions/banking-stability/banking-policy-and-supervision/regulation-of-money-brokers.shtml) can be found on the HKMA website.
Anyone who suspects fraudulent activity should report to the Police or contact the Commercial Crime Bureau of the Hong Kong Police Force at 2860 5012 immediately.
Hong Kong Monetary Authority
13 April 2017