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Hong Kong Regulator Collaborates with Licensed Corporations to Combat Scams and Protect Personal Data

2024-04-11 16:19:33.817000

The Hong Kong Securities and Futures Commission (SFC) is taking steps to combat scams and protect personal data by supporting the Anti-Scam Consumer Protection Charter 2.0 (Charter 2.0) [9d01fc7e]. The charter, launched by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB), aims to help the public safeguard their personal data against scams and phishing messages. Over 200 financial institutions and merchants are already participating in Charter 2.0, and 83 SFC-licensed corporations, covering more than 80% of all active clients, have signed up [9d01fc7e].

Participating licensed corporations commit to several measures to protect customers. They pledge not to send instant electronic messages with embedded hyperlinks or request key personal data. Instead, they will provide their own contact information through proper channels for customer inquiries and promote anti-scam messages. Licensed corporations can sign up to the new charter by responding via the provided template [9d01fc7e].

These collaborative efforts between the SFC, HKMA, and HKAB demonstrate a commitment to enhancing consumer protection and combatting fraudulent activities in Hong Kong's financial industry. By encouraging licensed corporations to participate in Charter 2.0, the SFC aims to create a safer environment for individuals to engage with financial services and protect their personal information [9d01fc7e].

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