Hong Kong law requires that brokerages and other financial firms report large and suspicious transactions to the Joint Financial Intelligence Unit. Photo: AFP Hong Kong law requires that brokerages and other financial firms report large and suspicious transactions to the Joint Financial Intelligence Unit. Photo: AFP
Hong Kong law requires that brokerages and other financial firms report large and suspicious transactions to the Joint Financial Intelligence Unit. Photo: AFP
SFC

Hong Kong watchdog issues record HK$15.2 million fine to Chinese broker over failure to report money laundering

  • Hong Kong unit of Shenzhen-based Guosen processed 10,000 third-party deposits amounting to HK$5 billion over 14 months until December 2015

Topic |   SFC
Hong Kong law requires that brokerages and other financial firms report large and suspicious transactions to the Joint Financial Intelligence Unit. Photo: AFP Hong Kong law requires that brokerages and other financial firms report large and suspicious transactions to the Joint Financial Intelligence Unit. Photo: AFP
Hong Kong law requires that brokerages and other financial firms report large and suspicious transactions to the Joint Financial Intelligence Unit. Photo: AFP
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