April 05, 2017 BY Valentina Kirilova
SFC fines Guoyuan Securities Brokerage Limited $4.5 million
The Securities and Futures Commission (SFC) just announced that has reprimanded Guoyuan Securities Brokerage (Hong Kong) Limited and fined it $4.5 million for its failure to conduct proper enquiries and scrutiny to mitigate the risks of money laundering and terrorist financing when processing third party fund transfers for clients between September 2010 and July 2012.…
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