Swiss bank could face fines or temporary suspension of advisory services.
AIs are expected to participate in the service unless they have ‘equally effective’ arrangements.
Regulator says Code of Conduct requirements are at par with international standards, adds some measures.
Entities breached disclosure rules, offered index options without due licence, had inadequate system controls.
Citron’s Andrew Left also banned from trading in Hong Kong for five years, vows appeal.
SFC concludes HK FXCM did not treat clients fairly or have proper controls, policies.
Regulator also asks corporations and entities to conduct AML compliance checks.
Speakers at recent Institute of Bankers conference discuss cybersecurity, AML/CTF, and more.
SFC says compromised or unauthorised transactions amounted to $12.89mn.
Clarification follows unusual step of public warning on internal AML controls.
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