Hong Kong Police Force Commend Binance for Aiding in the Dismantling of Multi-Million-Dollar Criminal Syndicate

Another victory in public-private collaboration against financial crime. Recently, Binance’s Global Head of Financial Intelligence Unit (FIU), Nils Andersen-Röed, represented Binance to receive recognition from the Hong Kong Police Force in appreciation of its significant assistance in a fraud and money laundering case involving virtual assets.

Public-Private Collaboration for Justice

In a successful enforcement operation this year, the Hong Kong Police Force dismantled a local criminal group that used virtual assets for illicit activities. The operation resulted in the arrest of several individuals, including the group leader and key members. The group was involved in multiple fraud cases, with the funds amounting to millions of Hong Kong dollars.

To express its gratitude for Binance’s invaluable support, the Hong Kong Police presented Binance with an award and a letter of appreciation. The letter highlighted that Binance’s unwavering support had a pivotal role in the overall success of the operation and in upholding the rule of law. The police also acknowledged Binance’s dedication in fostering a secure and transparent digital ecosystem and expressed their hope for continued collaboration in the future.

“The appreciation award presented by HKPF, mentioning Binance’s support had a pivotal role in the operation”

Nils Andersen-Röed stated, “We feel deeply honored by this recognition from the Hong Kong Police Force. This operation is another testament to Binance’s commitment to working closely with law enforcement agencies worldwide. Collaboration between the public-private sector is not only fundamental to maintaining industry security but also crucial for building trust.”

Deepening Partnerships for Safety

In addition, Nils Andersen-Röed and Carlos Mak from Binance’s investigation team met with representatives of the Cyber Security and Technology Crime Bureau (CSTCB) at the Hong Kong Police Headquarters. The discussions focused on deepening bilateral efforts to combat financial and cyber crime, as well as sharing Binance’s experience in collaborating with global law enforcement agencies.

Superintendent Ms. Hui Yee-wai of the CSTCB remarked, “We appreciate Binance’s long-standing support for Hong Kong law enforcement. In face of the new challenges of the digital era, the Hong Kong Police Force will continue to enhance its capacity through such public-private partnerships and spare no effort to combat crime and protect the public.”

Nils Andersen-Röed emphasized, “At Binance, we value our partnerships with global law enforcement agencies. We will continue to uphold the spirit of cooperation and proactively work alongside authorities to bring offenders to justice, contributing to the safety of the global financial ecosystem.”

Previously, Binance received a letter of appreciation from the Hong Kong Police for its assistance in a kidnapping case. Additionally, Binance has been invited on multiple occasions to provide training and share expertise on virtual asset investigations with various law enforcement units in Hong Kong, including the Cyber Security and Technology Crime Bureau (CSTCB), Commercial Crime Bureau (CCB), and Organized Crime and Triad Bureau (OCTB). These collaborations highlight Binance’s multi-faceted efforts in combating financial crime.

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