概要

This eSeminar is a recorded session of the “Crypto Assets / Cyber Fraud – Are Civil Injunctions Effective Remedies?” webinar held on 19 March 2024.

This eSeminar provides a practical understanding of both criminal and civil approaches to tackling crypto and cyber fraud, and the knowledge needed to navigate these complex issues. Mr Foster Yim, Barrister-at-Law at Liberty Chambers, discussed the legal regimes for asset freezing and the use of Letters of No Consent (LNCs) in relation to crypto asset frauds. He also compared proprietary and Mareva civil injunctions and offer practical advice on steps to take if one becomes a victim of such fraud.

宗旨

By the end of this eSeminar, you will be able to:

- Identify key legal provisions related to cyber fraud in Hong Kong
- Explain the difference between crypto assets fraud and general cyber fraud
- Explain the concept and applications of a letter of no consent
- Identify the types of civil injunctions available and their respective uses
- Recognise the current limitations of civil injunctions as remedies
- Provide practical strategies for individuals affected by crypto asset or cyber fraud

內容

1. Understanding Cyber Fraud
    - Differentiation between crypto assets fraud and cyber fraud
2. Legal Framework
    - Key legal provisions and importance of reporting suspicious transactions
3.  Asset Freezing Mechanism
    - Explanation of the "letter of no consent" process
    - Role of the Joint Financial Intelligence Unit
4. Civil Remedies
    - Importance of obtaining civil injunctions
    - Differences between administrative and court-ordered asset freezing
5. Strategy for Victims
    - Reporting to the police
    - Considerations and potential challenges

對象

Asset managers, wealth managers, manager-in-charge, compliance officers, and financial practitioners who are interested in understanding more about crypto asset / cyber fraud.