Wired Funds to HSBC Hong Kong
Stolen Funds Wired to HSBC in BEC Fraud.
Business Email Compromise (BEC) is soaring and companies are been affected, BEC is an exploit in which the attacker gains access to a corporate email account and spoofs the owner's identity to defraud the company or its employees, customers or partners of funds.
Internet fraud is rampant and Hong Kong is a key target for the transfer of funds. Digitpol, a Cyber Crime Investigation Agency provides operational and forensic support to firms that have fallen victim to BEC fraud, email fraud, invoice fraud and the stolen funds have been wired to bank accounts in Hong Kong, one of the destinations is HSBC and by previous cases Digitpol can confirm that HSBC are fully compliant if they are officially notified of the stolen funds, therefore in every case the steps below are urgent. Digitpol provides assistance to foreign firms by acting on their behalf locally in Hong Kong.
Digitpol's legal partner is an expert in the recovery of funds in Hong Kong and mainland China, jointly the combination of investigative support and legal services we offer International firms rapid response expertise to assist with the investigation, seizure and recovery of stolen funds.
If you have transferred funds to a fraudulent bank account in Hong Kong, the following is urgent.
- Immediately alert your bank the transaction is fraudulent. This is most urgent.
- Report the incident as soon as possible to your local police in the country you reside in. Obtain the Police report or case number
- Report the case to the Hong Kong Police. Obtain the Police report or case number.
- When required, engage Digitpol and its legal team to act for you in Hong Kong to examine the evidence, prepare a report, investigate the case, and liaise with the Authorities and the Banks.
- If you are physically located in Hong Kong, go directly to a Police station, and bring all the evidence with you.
What is Email Fraud or BEC Fraud
Cyber criminals find ways to hack into the email servers or accounts of small and medium companies, often targeting companies or investors conducting business with Asia countries. Cyber criminals gain access to email accounts and search through email accounts looking for sensitive information such as outstanding, unpaid invoices or data relating to financial transactions and business between supplier, vendor and clients. When cyber criminals identify a sale or a due invoice, the fraudsters then send various fictitious emails from the hacked email account or an email address replicated to the original posing to be in charge of the sale or due invoice to be paid, the fraudster is then asking for transfers of funds into a nominated bank account, usually giving an excuse that there is a problem at the bank and an alternative account needs to be used.
What Victims Need To Do
- Immediately alert your bank the transaction is fraudulent. This is most urgent.
- Report the incident as soon as possible to your local police in the country you reside in. Obtain the Police report or case number
- Report the case to the Hong Kong Police. Obtain the Police report or case number.
- When required, engage Digitpol and its legal team to act for you in Hong Kong to examine the evidence, prepare a report, investigate the case, and liaise with the Authorities and the Banks.
- If you are physically located in Hong Kong, go directly to a Police station, and bring all the evidence with you.
- Before you submit data to us, watch the step by step explainer on what to do if your a victim of Stock or Investment Fraud What To Do If Your a Victim of Email or Invoice Fraud
How We Can Help
If you have wired funds from abroad to HSBC in Hong Kong and later discovered the transaction was fraudulent, we can assist you by compiling a forensic report and liaising with the receiving bank and the Hong Kong Police.
We provide both operational and forensic support to companies that have fallen victim to BEC fraud, email scams, invoice fraud, or other cyber-enabled financial crimes where stolen funds have been transferred to bank accounts in Hong Kong.
Digitpol acts on behalf of international firms locally in Hong Kong, offering a rapid response through our investigative expertise. In partnership with our legal experts and specialists in fund recovery in both Hong Kong and mainland China, we deliver a combined investigative and legal approach to support the seizure and recovery of stolen assets.
Please note: only the Hong Kong Police or the Hong Kong High Court have the legal authority to seize funds. Our role is to provide the necessary evidence, documentation, and liaison support to facilitate such actions effectively.