All posts tagged "Guosen Securities"
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370AML / KYCSFC Bans Former Guosen Head of Dealing for 12 months
The head of dealing "turned a blind eye" to internal control deficiencies in relation to third party deposits brought to her attention by its staff since 2013.
June 24, 2020 -
428EnforcementSFC Bans Guosen Fund Manager for Violating Staff Trading Policies
The fund manager concealed his beneficial interests, direct control and trading activities in securities accounts held at an external brokerage.
May 29, 2020 -
582ChinaChina’s Top Two Brokerage Firms Explore Merger – Report
A merger between Citic Securities and CSC Financial would create a $67bn investment bank, surpassing the market cao of most other foreign competitors.
April 14, 2020 -
1.5KAML / KYCGlobal AML, Sanctions Fines Topped $8bn in 2019: Fenergo
Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.
April 3, 2020 -
595AML / KYC
SFC Imposes 10-Month Ban on Former Guosen Exec
The 10-month ban on Su Xiqiang, former head of Guosen's retail brokerage, was a result of improper handling of third-party fund deposits, and a lack of AML controls.
April 24, 2019 -
1.3KAML / KYC
SFC Fines Guosen Securities $1.94mn for AML Breaches
The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
February 19, 2019
