Tag: Rifa Futures Limited

April 16, 2018 BY Valentina Kirilova

SGX welcomes Rifa Futures Limited as Derivatives Trading Member

Singapore Exchange (SGX) has announced that it welcomes Hong Kong-based Rifa Futures Limited (Rifa Futures) to its derivatives market as a Trading Member. Michael Syn, Head of Derivatives at SGX said: We are pleased to extend our distribution network in Greater China with the addition of Rifa Futures to our derivatives market and look forward…

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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…

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