The former CFO was ordered to pay compensation of HK$163mn, the full amount that was misappropriated by the former chairman.
April 10, 2024Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.
March 6, 2024Bangladesh Bank's lawsuit against the Philippines' RCBC and its senior executives will be allowed to proceed, minus three causes of action.
March 4, 2024The CSRC warns of harsh penalties for fraudulent listings, accounting scams, misuse of funds, insider trading, and market manipulation.
February 26, 2024HKMA circular sets out expectations standards for banks that wish to provide digital asset custodial services to clients.
February 21, 2024The circularisation exercise and internal control review will help to identify potential misconduct such as misappropriation of client assets.
January 24, 2024The FSC said the bank failed to establish internal controls and prevent the misappropriation of client funds by a former wealth manager.
January 5, 2024Two employees were involved in the misconduct. The bank was fined and is being required to increase its operational risk capital.
December 20, 2023Regulators are imposing stricter licensing, business management, risk management and user protection rules on non-bank payment institutions.
December 19, 2023Market participants that engage in illicit conduct will face immediate deregistration or licence revocation for even a single offence.
October 11, 2023