In May 2017, the Commercial Crime Bureau (CCB) established the Fraud and Money Laundering Intelligence Taskforce (FMLIT), a financial intelligence exchange platform formed by public-private partnership. As at January 2022, FMLIT members include the Hong Kong Police Force, the Independent Commission Against Corruption, the Customs and Excise Department, 15 retail banks and eight virtual banks.

On December 14, 2021, CCB, the Hong Kong Monetary Authority (HKMA) and FMLIT members held the 9th strategic meeting of FMLIT to enhance intelligence exchange and discuss the future direction of FMLIT. Chief Superintendent of CCB Wong Chi-kwong welcomed representatives from eight virtual banks who joined the meeting for the first time. He stressed the importance of enhancing intelligence exchange and network analysis to curb money laundering at an early stage. Senior Inspector of CCB Adrian Suen also shared his experience on the identification and disruption of account networks laundering crime proceeds from telephone deception cases. During the meeting, members gave constructive feedback and strengthened their collaboration.

In future, FMLIT will further extend the public-private partnership network. In addition, CCB will strengthen collaboration with HKMA, the Hong Kong Association of Banks and FMLIT members to enhance the effectiveness of crime prevention publicity and capabilities of the local banking sector in combating deception cases and money laundering.

Senior Inspector of CCB Adrian Suen shares his experience on the identification and disruption of account networks laundering crime proceeds from telephone deception cases.