All posts tagged "ICAC"
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120AML / 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 -
72AML / KYCHong 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 -
102Enforcement
ICAC, SFC Arrest Listed Company Exec in Joint Operation
The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.
July 8, 2021 -
172Enforcement
Hong Kong: Ex-Dah Sing Bank Manager Jailed for Fraud
The former financial planning manager told a client he was required to buy an insurance policy before he could open a corporate bank account.
June 16, 2021 -
290AML / KYC
Former Manager of Sun Life HK Charged for Money Laundering
The ICAC alleges that the former senior unit manager of Sun Life Hong Kong dealt with crime proceeds totalling over HKD 640,000.
May 19, 2021 -
109EnforcementHong Kong Court Jails Former CCB Asia Sales Representative
A CCB Asia sales executive secured a loan for a customer whose data was obtained from a DBS sales executive in exchange for a commission.
May 13, 2021 -
278EnforcementHKEX Proceeds to Delist Shares of Convoy Global Holdings
HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.
May 7, 2021 -
159Enforcement
Former AIA Agent Convicted For Fraud Over Signing Fee
The former representative submitted false income proof statements to deceive AIA into offering him a higher signing fee.
April 19, 2021 -
229AML / KYC
HK Court Sentences Two for Mortgage Fraud, Money Laundering
A ICAC investigation found that two former employees of a law firm defrauded licensed money lenders of mortgage loans totalling HK$20mn.
March 13, 2021 -
228EnforcementICAC Charges Former AIA Employees for Fraud
A former district manager and former insurance agent jointly face three counts of fraud for allegedly deceiving AIA into paying them commissions for three insurance policies.
March 11, 2021
