Hong Kong police to boost computing power for new anti-money-laundering squad to help screen surge in suspicious financial transactions

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Hong Kong police to boost computing power for new anti-money-laundering squad to help screen surge in suspicious financial transactions

Hong Kong police plan to upgrade the computer system for their new anti-money-laundering squad to speed up the screening of a huge number of suspicious financial activities, which surged 10 per cent last year to more than 57,000 reports.Chief Superintendent Lam Man-han, head of the new financial intelligence and investigation bureau, said officers currently had to analyse each suspicious transaction report manually.Lam said she hoped new technology such as a big data analytics system would help…
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