TNAG-1733-FCO40-2446-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 26

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Companies, conducted a number of successful operations against overseas syndicates using stolen credit cards in Hong Kong. Six key figures were convicted of criminal offences relating to syndicate activities and sentenced to terms of imprisonment

18 between six and eighteen months.

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As for preventive measures, there would certainly appear to be scope for card issuing companies, particularly those overseas, to improve their own security. Some banks persist in sending credit cards through the mail, often by unreqistered mail, and many are stolen: There is also fierce competition in the credit card industry itself which can result in lower

standards of screening card applicants.

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$ While the police will continue to act on all reports received, the responsibility for improving security

are

which arrangements must rest with the card issuing companies whe best placed to judge for themselves the scale of the problem, as it affects their own businesses, and the remedial measures they would wish to adopt. The Government, for its part, stands ready to co-operate as necessary with the card issuing

companies.,