China Insight: Protecting Financial Staff from Emerging Fraud Threats in China

In this episode of China & Hong Kong Compliance Essentials, we explore the rising fraud threats facing financial staff in China, following a warning from the Beijing Daxing Tax Bureau about a surge in fake tax audit notices. 

The episode discusses common fraud tactics, including impersonation fraud, phishing schemes, and Trojan virus attacks that target financial personnel, often leading to significant financial losses for companies.

Listeners will learn about effective measures to establish comprehensive fraud response protocols, including emergency reporting, payment suspension, and risk assessments after fraud attempts. The episode emphasizes the importance of training and awareness, maintaining strong internal controls, enhancing cybersecurity, and having a detailed emergency response plan.

By equipping financial teams with knowledge and skills, businesses can reduce their vulnerability to emerging fraud tactics and safeguard their financial operations. 

Tune in to gain insights on protecting against financial fraud in today’s digital landscape!

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We are happy to take any questions you may have. How to reach Kristina Koehler-Coluccia, Head of Business Advisory:

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Email: kristina@woodburnglobal.com
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