HKMA denies links to firms claiming to assist in financial fraud cases

The central bank said that it has reported the case to the police.

Hong Kong’s central bank has warned against three supposed law firms claiming to support financial fraud recovery.

In a statement posted on its website, the Hong Kong Monetary Authority (HKMA) said that it has no connection to Dex Law Firm LLP, Morgan Bell Law Firm LLP, and Watson Liddell Law Firm. 

These three firms claim to assist in the recovery of losses from financial fraud.

Their websites name the HKMA as a “cooperation authorization agency” or “cooperation authority.”

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HKMA said that it does not work with any local or overseas law firms to refund fraud losses to members of the public. 

“We wish to reiterate that the HKMA will not contact individual members of the public regarding personal financial matters,” Hong Kong’s central bank said in a statement.

The HKMA had reported the cases to the Hong Kong Police Force.