SFC reprimands and fines iSTAR International Futures Co. Limited $3 million over anti-money laundering LeapRate

April 12, 2017 BY Valentina Kirilova

SFC reprimands and fines iSTAR International Futures Co. Limited $3 million over anti-money laundering

The Securities and Futures Commission (SFC) has reprimanded iSTAR International Futures Co. Limited, now known as Rifa Futures Limited, and fined it $3 million over failures to comply with anti-money laundering regulatory requirements when processing third party fund transfers. An SFC investigation found that between January and July 2014, Rifa took insufficient steps to mitigate…

April 11, 2017 BY Valentina Kirilova

Hong Kong SFC adds North West Capital Funds HK Ltd to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

April 10, 2017 BY Valentina Kirilova

Hong Kong SFC adds Northwest Capital Finance to its alert list

April 10, 2017 BY Valentina Kirilova

Hong Kong SFC adds Pearson Investments to its alert list

April 07, 2017 BY Valentina Kirilova

Hong Kong SFC adds Merc Management Limited to its alert list

April 07, 2017 BY Valentina Kirilova

Hong Kong SFC adds Nixdorf-AX Ventures Limited to its alert list

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.…

March 30, 2017 BY Valentina Kirilova

Tag: Hong Kong SFC