The Hong Kong Monetary Authority (HKMA) issued a public alert that “Chong Sing Heritage Trust Bank”, as referred to on the website https://cshtb.com, is not authorised under the Banking Ordinance to carry on banking business or the business of taking deposits in Hong Kong, and is not approved to establish a local representative office in Hong Kong. The HKMA reminded the public to verify the status of any organisation using the internet to offer bank accounts or solicit deposits in Hong Kong before transferring funds or providing personal information. It also pointed to the HKMA’s list of authorised institutions and its public enquiry service for checking whether an entity is soliciting deposits or holding itself out as a bank or deposit-taking company in Hong Kong.

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