BEIJING (CAIXIN GLOBAL) - Beijing resident Li was appalled when she found that 430,000 yuan (S$86,130) had disappeared from her bank savings within minutes. The money transfer, which was supposed to be verified through facial recognition, went undetected, Li said.
It all happened in June 2021 after Ms Li received a call from someone claiming to be a police officer, who questioned her on alleged money laundering.
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