Category Archives: Enforcement

Monetary Authority takes disciplinary action against China CITIC Bank International Limited for contraventions of Anti-Money Laundering and Counter-Terrorist Financing Ordinance

The Hong Kong Monetary Authority (HKMA) imposed a HK$4 million penalty on China CITIC Bank [...]

Then employee of insurer charged by ICAC for soliciting bribe from broker firm director over motor insurance of 600 new taxis

A former team head of Bank of China Group Insurance Company Limited (BOCGI), Wong Ka-wing, [...]

Thirty-eight months’ jail for SME proprietor charged by ICAC over $3.8m loan fraud by overstating payroll expenses

Tony Fung Kam-fai, proprietor of Dragon Win Motors, was sentenced to 38 months’ imprisonment for [...]

Ex-manager of electric motors company charged by ICAC gets 54 months’ jail at High Court for $70m purchase orders fraud over conflict of interest

A former manager of Johnson Electric Group, Seh Yat-wing, was sentenced to 54 months in [...]

Announcement – In relation to the matter of BabyTree Group (incorporated in the Cayman Islands with limited liability) (Stock Code: 1761) Cancellation of listing

The Stock Exchange of Hong Kong Limited announced that the listing of BabyTree Group’s shares [...]

Investment entrant fraud: Immigration consultant charged by ICAC faces 10 additional charges, four clients and an employee indicted

The ICAC has charged Tam Chi-ming, former proprietor of Wealth Concepts Consultancy, and five others, [...]

China Forestry’s former chairman and CEO sanctioned for market misconduct

The Market Misconduct Tribunal (MMT) has ordered former China Forestry Holdings CEO Li Han Chun [...]

SFC and ICAC jointly investigate suspected misconduct in public office

The Securities and Futures Commission (SFC) has confirmed that a former staff member is among [...]

Then Police Constable charged by ICAC over Credit Union loan fraud by concealing $500,000 debts

A former Hong Kong Police Constable, Ma Wai-cheong, 47, was charged by the ICAC on [...]

Exchange’s Disciplinary Action against Sunshine 100 China Holdings Ltd (Stock Code: 2608) and Eight Directors

The Stock Exchange of Hong Kong Limited has criticised Sunshine 100 China Holdings Ltd and [...]