Hong Kong’s SFC (Securities and Futures Commission) has reprimanded and fined Sino-Rich Securities & Futures HKD 7.2 million (USD 927,000) for failures in complying with AML/CTF regulatory requirements when handling cash deposits and third party fund transfers.

SFC - Securities and Futures Commission

Source

Published on Mar. 16th, 2021 Published on Mar. 16th, 2021

Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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Sept. 20th, 2021

ORX Forum

ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.