Hong Kong won’t deter financial fraud by blacklisting bank accounts
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
Scammers typically use multiple accounts, and the time it takes to report the crime and investigations to conclude will also undermine the effectiveness of the alert system. As more victims are now deceived into initiating payments themselves, it would make sense to track user behaviour and flag unusual IP addresses.