Hong Kong Regulators May Punish 4 Brokers Over Breaches: HKEJ
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283
(Bloomberg) -- Hong Kong and China regulators may punish 4 China-based brokers for violations, including failure to comply with anti-money laundering guidelines when handling third-party payments, Hong Kong Economic Journal reports, citing unidentified people.
- Report didn’t identify the 4 Chinese brokers
- Their penalties will be similar to what Guangdong Securities received from Hong Kong’s Securities & Futures Commission for failure to comply with anti-money laundering rules
- SFC isn’t immediately available for comment
- CSRC didn’t immediately reply to a fax seeking comment
- NOTE: Hong Kong SFC Reprimands, Fines Guangdong Securities HK$3m
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283