Hong Kong SFC Fines Guoyuan Securities Brokerage HK$4.5m
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
000728 CH (Guoyuan Securities Co Ltd)
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UUID: 7947283
(Bloomberg) -- The Securities and Futures Commission reprimanded Guoyuan Securities Brokerage (Hong Kong) and fined it HK$4.5m for failure to conduct proper inquiries 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, the regulator says in statement on website.
Link to Statement:Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
000728 CH (Guoyuan Securities Co Ltd)
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To modify this alert, click here
UUID: 7947283