Business / Industries

Chinese police prohibit 5,452 fraudulent bank transfers

(Xinhua) Updated: 2016-04-09 16:30

BEIJING - Chinese police have managed to stop 5,452 bank transfers involved in telecom fraud, thanks to a quick response mechanism instituted on March 3, the Ministry of Public Security said.

The quick response network requires police to input the victims' bank account information and brief description of case within 30 minutes of being informed. A specialized office then verifies the input and works with banks to terminate the transfer.

Telecom-based fraud, in which suspects cheat people through telecommunication channels, is a growing crime in China.

Hot Topics

Editor's Picks