All posts tagged "ICAC"
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90EnforcementHK Court Jails Former Convoy, Gransing Executives
Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.
October 18, 2021 -
185AML / KYCHK ICAC, FRC to Collaborate on Financial Market Malpractice
The new MoU sets out a framework for cooperation, covering case referrals, joint investigations, information exchange, mutual investigative assistance and training.
October 7, 2021 -
177Enforcement
HK Court Convicts Former Convoy Executives for Fraud
Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.
September 21, 2021 -
227EnforcementHong Kong ICAC Files Criminal Charges Against Former AXA Agents
Three ex-insurance agents allegedly conspired to defraud AXA of HK$1.2mn in commissions and bonuses, and to launder over HK$2.7mn in crime proceeds.
September 16, 2021 -
241EnforcementHong Kong ICAC Charges Ex-HSBC Banker for Accepting Bribes
The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.
September 9, 2021 -
159AML / KYC
ICAC Charges Company Director for Fraud, Money Laundering
The director faces charges for defrauding BOCHK into making L/C payments to a supplier and then laundering the proceeds back to his own company.
August 13, 2021 -
185EnforcementFormer HKEX Exec Pleads Not Guilty to Corruption Charges
The former co-head of HKEX's IPO-vetting team, Eugene Yeoh, was arrested in June 2019 for alleged bribery and misconduct in public office.
August 11, 2021 -
136Enforcement
Hong Kong ICAC Charges Securities Brokers for Bribery
Two securities brokers accepted commissions to arrange for their clients to use a futures trading programme provided by a software company.
August 8, 2021 -
366AML / KYCSFC Calls on Industry to Report Suspected Ramp-and-dump Activity
Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.
July 27, 2021 -
135AML / KYC
Hong Kong Records Drop in Corruption Complaints in 2020: ICAC
Corruption complaints concerning the finance and insurance subsectors registered the highest drop among all subsectors.
July 13, 2021
