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Statistics of Stored Value Facilities (SVF) Schemes Issued by SVF Licensees
The Hong Kong Monetary Authority (HKMA) published today (21 March) statistics on SVF schemes issued by SVF licensees for the fourth...
Mar 302 min read


Hong Kong’s securities industry posted broad-based growth in 2024
Hong Kong’s securities industry showed remarkable resilience in financial performance in 2024, with total net profits surging 56%...
Mar 301 min read


SFC reprimands and fines Enlighten Securities Limited $5 million and suspends its responsible officer for internal control failures over securities margin financing
The Securities and Futures Commission (SFC) has reprimanded and fined Enlighten Securities Limited (ESL) $5 million for internal control...
Mar 302 min read


Incoming driver convicted and jailed for importing duty-not-paid cigarettes (with photos)
A 38-year-old incoming male driver was sentenced to three months' imprisonment and fined $1,000 at the West Kowloon Magistrates' Courts...
Mar 301 min read


District Court sets trial dates for three sophisticated ramp-and-dump cases
The District Court trial of three sophisticated ramp-and-dump cases involving the shares of Eggriculture Foods Limited, Fullwealth...
Mar 302 min read


SFC issues additional guidance on IPO subscription and financing services
The Securities and Futures Commission (SFC) today issued additional guidance in a circular for licensed corporations (LCs) on IPO...
Mar 231 min read


'Money laundering' of more than 162 billion VND, 3 Taiwanese (Chinese) subjects go to jail
The People's Court of Hai Duong province has just held a first-instance trial of five defendants on charges of illegally storing bank...
Mar 232 min read


AML Bitcoin Founder Convicted of Fraud and Money Laundering
Rowland AML Bitcoin creator Marcus Andrade was found guilty in a federal court in California of wire fraud and money laundering. He was...
Mar 232 min read


SFC suspends finfluencer for 16 months
The Securities and Futures Commission (SFC) has suspended Mr Wong Ming Chung, a finfluencer known as Franky Wong and a licensed...
Mar 232 min read
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