The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong to a suspected fraudulent website with the domain name https://trustfundalliance.com/. The website is operated by an alleged Trust Fund Alliance Hong Kong.
The public should be aware that Trust Fund Alliance Hong Kong is not authorized by the Monetary Authority (MA) under the Banking Ordinance to carry on banking business or the business of taking deposits in Hong Kong, nor does it have the MA’s approval to establish a local representative office.
The HKMA has referred the case to the Hong Kong Police Force for further investigation. Anyone who has provided his or her personal information to the website or has conducted any financial transactions through the website should contact any local Police Station or the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.
Given the global nature of the Internet, members of the public are reminded to verify the status of any organization making use of the Internet to solicit deposits from the public. A list of authorized institutions is available on the HKMA’s website (www.hkma.gov.hk). Members of the public may also check the status of any entity in Hong Kong which solicits deposits from the public with the HKMA by emailing its public enquiry service (email@example.com).
Hong Kong Monetary Authority
24 August 2020
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