Commercial Fraud - Legal and Practical Considerations

Commercial fraud has been quite prevalent in the commercial world. According to statistics, “in Hong Kong, the number of deception cases has surged by 402% within a decade to a record high of 44 480 cases in 2024 amidst extensive use of the Internet and social media.” Normally, money is deposited into bank accounts or cryptocurrency accounts at the request of the fraudster. Once a fraud has been committed against the person or company, the first 24 hours is absolutely essential in order to ensure the money does not continue to flow through the network of accounts to other jurisdictions. In this course, you will learn the fastest and safest way of protecting your rights to ensure the highest likelihood of getting your money back. The course you will learn the different steps from contacting the police to understanding the legal proceeding and the costs. In addition, we discuss about preventing fraud and protecting your company assets.

• Prevention
• Discovery of Fraud and Preservation of Evidence
• Contacting the Police / Letter of No Consent
• Foreign Jurisdiction
• Injunctive Relief Application – How and when to make them?
• Factors to consider before commencing action
• Pre-Action Discovery against Account Holders
• Reading the bank statements – 1st Tier and 2nd Tier / Tracing
• Banks, Cryptocurrency
• Legal Action
• Costs
• Remedies Available