19th December 2025 – (Hong Kong) Law enforcement mounted an operation on Wednesday, 17th December, dismantling a syndicate allegedly behind Mandatory Provident Fund (MPF) fraud and money laundering. Five men, aged between 28 and 65 — including the alleged ringleader and key operatives — were arrested on suspicion of conspiracy to defraud and money laundering.
Investigators believe the group illicitly transferred HK$1.8 million from the MPF accounts of three victims and laundered criminal proceeds totalling up to HK$78 million.
To prevent further scams, the eMPF platform has temporarily suspended its electronic identity verification function and initiated a comprehensive system review.
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