2011年10月12日 星期三
2009年7月17日 星期五
New rules worry money changers
(Source: China Daily HK edition 10 JUL 2009 by Colleen Lee)
"HONG KONG: Some remittance agents and money changers agree that authorities should step up scrutiny of their transactions in principle but they fear losing customers who will balk at being asked to hand over personal data and verify their identities.
Mak Ping-sang, who runs the Sang Sang Money Exchange in Sha Tin, said he is afraid some customers may refuse to give personal particulars despite the new rules and turn to other shops instead. He predicted that tightening controls on remittance agents and money changers will have little effect on combating money laundering and terrorist financing, since crooks have other ways to launder their money
The government proposed to empower authorities to enter the premises of remittance agents and money changers to carry out routine inspections, checking books and records.
Mak contended the records are private and he questioned whether he should have to disclose all
information to inspectors.
He also added that if firms become liable to prosecution because they have failed to record some
transactions, many business owners will feel squeezed.
"Hong Kong will lose all its edge," he said. "It won't fit Hong Kong's status as an international city."
He also worried that some rules may be too stringent to be followed, said Mak..."
Sang Sang Money Exchange Ltd 1993
http://www.sangsang.com.hk/
http://www.sangsang.hk/
"HONG KONG: Some remittance agents and money changers agree that authorities should step up scrutiny of their transactions in principle but they fear losing customers who will balk at being asked to hand over personal data and verify their identities.
Mak Ping-sang, who runs the Sang Sang Money Exchange in Sha Tin, said he is afraid some customers may refuse to give personal particulars despite the new rules and turn to other shops instead. He predicted that tightening controls on remittance agents and money changers will have little effect on combating money laundering and terrorist financing, since crooks have other ways to launder their money
The government proposed to empower authorities to enter the premises of remittance agents and money changers to carry out routine inspections, checking books and records.
Mak contended the records are private and he questioned whether he should have to disclose all
information to inspectors.
He also added that if firms become liable to prosecution because they have failed to record some
transactions, many business owners will feel squeezed.
"Hong Kong will lose all its edge," he said. "It won't fit Hong Kong's status as an international city."
He also worried that some rules may be too stringent to be followed, said Mak..."
Sang Sang Money Exchange Ltd 1993
http://www.sangsang.com.hk/
http://www.sangsang.hk/
2009年3月21日 星期六
Counterfeit yuan banknotes discovered in Macau
A number of counterfeit yuan banknotes, with serial numbers beginning with "TJ38", were discovered in Macau on Wednesday, CCTV reported yesterday.This is the first time that TJ38-numbered fake one 100-yuan banknotes were discovered in the region following similar counterfeit yuan notes beginning with HD90, HB and FA serial numbers were discovered on the mainland around the end of last year.According to Macau police, four fake 100-yuan notes were discovered and confiscated when a 36-year-old suspect, surnamed Zhang, who holds a Hong Kong ID card, used them to purchase gambling chips at a casino in Macau on Wednesday.The CCTV report said the suspect was apprehended on the spot, and found to be in possession of another six fake 100 yuan notes.Macau police say before he was apprehended, the suspect had been in the SAR three times over the past one month. The origin of the fake notes, as well as the purpose during the suspect's visit to Macau, however, still remain unknown.But police reportedly suspected that a notebook he was carrying contained information regarding money laundering, and believe he might be working for an underground counterfeit money syndicate.The case is currently under further investigation.
Source: Macau Daily Times News Sunday, 08 February 2009
Sang Sang Money Exchange Limited 1993
http://www.sangsang.com.hk/
http://www.sangsang.hk/
http://www.外幣找換.hk/
A number of counterfeit yuan banknotes, with serial numbers beginning with "TJ38", were discovered in Macau on Wednesday, CCTV reported yesterday.This is the first time that TJ38-numbered fake one 100-yuan banknotes were discovered in the region following similar counterfeit yuan notes beginning with HD90, HB and FA serial numbers were discovered on the mainland around the end of last year.According to Macau police, four fake 100-yuan notes were discovered and confiscated when a 36-year-old suspect, surnamed Zhang, who holds a Hong Kong ID card, used them to purchase gambling chips at a casino in Macau on Wednesday.The CCTV report said the suspect was apprehended on the spot, and found to be in possession of another six fake 100 yuan notes.Macau police say before he was apprehended, the suspect had been in the SAR three times over the past one month. The origin of the fake notes, as well as the purpose during the suspect's visit to Macau, however, still remain unknown.But police reportedly suspected that a notebook he was carrying contained information regarding money laundering, and believe he might be working for an underground counterfeit money syndicate.The case is currently under further investigation.
Source: Macau Daily Times News Sunday, 08 February 2009
Sang Sang Money Exchange Limited 1993
http://www.sangsang.com.hk/
http://www.sangsang.hk/
http://www.外幣找換.hk/
2009年3月20日 星期五
High-quality fake yuan notes found in Fuzhou
High-quality fake yuan notes found in Fuzhou
Fox Yi Hu SCMP Updated on Mar 20, 2009
"A batch of counterfeit yuan notes has been found on the mainland that are of higher quality than those recently seen in Hong Kong with "HD" serial numbers. Hong Kong money changers last night said they had not come across any fake notes similar to the new batch seized in Fuzhou city.Fuzhou police announced that fake 100-yuan notes whose serial numbers began with CE86 and CH31 had been seized when a counterfeit ring was smashed.They were among seized fake 10-yuan, 20-yuan and 50-yuan notes with a total face value of 1.03 million yuan.Fuzhou police said the counterfeit 100-yuan notes were of higher quality than those found across the mainland with serial numbers that began with HD. Some of those notes surfaced in Hong Kong in January after being found in large numbers in nine provinces.David Mak Ping-sang of Sang Sang Money Exchange in Sha Tin said he had encountered one counterfeit 100-yuan note this week but had not seen fakes with serial numbers beginning with CE or CH."We have good money detectors and know how to identify fakes by feeling them," said Mr Mak, who has worked in the money-exchange business for 30 years."So far, we haven't seen any fake notes with such serial numbers."A total of 7,975 fake yuan notes were seized in Hong Kong in the first nine months of last year, a 21 per cent rise from 6,610 in the same period of 2007, police said.
A batch of counterfeit yuan notes has been found on the mainland that are of higher quality than those recently seen in Hong Kong with "HD" serial numbers.
Hong Kong money changers last night said they had not come across any fake notes similar to the new batch seized in Fuzhou city.
Fuzhou police announced that fake 100-yuan notes whose serial numbers began with CE86 and CH31 had been seized when a counterfeit ring was smashed.
They were among seized fake 10-yuan, 20-yuan and 50-yuan notes with a total face value of 1.03 million yuan.
Fuzhou police said the counterfeit 100-yuan notes were of higher quality than those found across the mainland with serial numbers that began with HD. Some of those notes surfaced in Hong Kong in January after being found in large numbers in nine provinces.
David Mak Ping-sang of Sang Sang Money Exchange in Sha Tin said he had encountered one counterfeit 100-yuan note this week but had not seen fakes with serial numbers beginning with CE or CH.
"We have good money detectors and know how to identify fakes by feeling them," said Mr Mak, who has worked in the money-exchange business for 30 years.
"So far, we haven't seen any fake notes with such serial numbers."
A total of 7,975 fake yuan notes were seized in Hong Kong in the first nine months of last year, a 21 per cent rise from 6,610 in the same period of 2007, police said. "
Fox Yi Hu SCMP Updated on Mar 20, 2009
"A batch of counterfeit yuan notes has been found on the mainland that are of higher quality than those recently seen in Hong Kong with "HD" serial numbers. Hong Kong money changers last night said they had not come across any fake notes similar to the new batch seized in Fuzhou city.Fuzhou police announced that fake 100-yuan notes whose serial numbers began with CE86 and CH31 had been seized when a counterfeit ring was smashed.They were among seized fake 10-yuan, 20-yuan and 50-yuan notes with a total face value of 1.03 million yuan.Fuzhou police said the counterfeit 100-yuan notes were of higher quality than those found across the mainland with serial numbers that began with HD. Some of those notes surfaced in Hong Kong in January after being found in large numbers in nine provinces.David Mak Ping-sang of Sang Sang Money Exchange in Sha Tin said he had encountered one counterfeit 100-yuan note this week but had not seen fakes with serial numbers beginning with CE or CH."We have good money detectors and know how to identify fakes by feeling them," said Mr Mak, who has worked in the money-exchange business for 30 years."So far, we haven't seen any fake notes with such serial numbers."A total of 7,975 fake yuan notes were seized in Hong Kong in the first nine months of last year, a 21 per cent rise from 6,610 in the same period of 2007, police said.
A batch of counterfeit yuan notes has been found on the mainland that are of higher quality than those recently seen in Hong Kong with "HD" serial numbers.
Hong Kong money changers last night said they had not come across any fake notes similar to the new batch seized in Fuzhou city.
Fuzhou police announced that fake 100-yuan notes whose serial numbers began with CE86 and CH31 had been seized when a counterfeit ring was smashed.
They were among seized fake 10-yuan, 20-yuan and 50-yuan notes with a total face value of 1.03 million yuan.
Fuzhou police said the counterfeit 100-yuan notes were of higher quality than those found across the mainland with serial numbers that began with HD. Some of those notes surfaced in Hong Kong in January after being found in large numbers in nine provinces.
David Mak Ping-sang of Sang Sang Money Exchange in Sha Tin said he had encountered one counterfeit 100-yuan note this week but had not seen fakes with serial numbers beginning with CE or CH.
"We have good money detectors and know how to identify fakes by feeling them," said Mr Mak, who has worked in the money-exchange business for 30 years.
"So far, we haven't seen any fake notes with such serial numbers."
A total of 7,975 fake yuan notes were seized in Hong Kong in the first nine months of last year, a 21 per cent rise from 6,610 in the same period of 2007, police said. "
Sang Sang Money Exchange Limited 1993
http://www.sangsang.com.hk/
http://www.sangsang.hk/
http://www.外幣找換.hk/
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