Enforcement

Enforcement

Hong Kong SFC Imposes Lifetime Ban on Former Licensee

By Editors | 06/12/2021

The former licensee offered to invest for two students he taught, and then misappropriated their funds for his personal use.

Enforcement

HK Court Acquits Former HKEX Official in Bribery Case

By Editors | 06/12/2021

The court ruled that the prosecution did not prove that IPO consultant Richard Lum had bribed the former joint-head of HKEX’s IPO vetting team, Eugene Yeoh.

AML / KYC

Australian Parliament Approves Magnitsky-style Sanctions Law

By Manesh Samtani | 05/12/2021

The legislation will allow Australia to address gross human rights violations, serious corruption, malicious cyber activity, among other themes.

Enforcement

Hong Kong FRC Launches New Whistleblowing Policy

By Editors | 05/12/2021

Protecting whistleblowers’ identities will be the FRC’s highest priority. It will not share any personal information to outside parties unless it is “legally obliged to do so”.

AML / KYC

Interpol Concludes Global Operation Targeting Wildlife & Timber Crime

By Editors | 05/12/2021

Customs, police, FIUs and wildlife and forestry enforcement agencies in 118 countries participated in the operation, which has led to hundreds of arrests and over 1,000 seizures.

Enforcement

Billionaire’s Arrest Signals China’s Intent to End Cross-Border Gambling

By Darien Choong | 05/12/2021

Suncity Group’s Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal “live web betting platform” in the Philippines, targetting customers in mainland China.

Enforcement

Shanghai, Shenzhen Bourses Crack Down on Shell Companies

By Darien Choong | 04/12/2021

The new delisting system includes an indicator to measure the sustainability and operating ability of a listed company, to help eliminate shell companies.

Enforcement

SFC Bans Former Private Banker Over False Academic Qualifications

By Editors | 01/12/2021

The SFC considers the former relationship manager to not be fit and proper as her conduct was “plainly dishonest”.

AML / KYC

Environmental Crime, A Global Security Issue

By Manesh Samtani | 01/12/2021

Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.