The Hong Kong Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) today entered into a Memorandum of Understanding (MoU) to formalise and strengthen cooperation in combating financial crime.
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Hong Kong SFC & ICAC Arrests Former Senior Executive of Listed Company for Suspicious Loan Activities

13th August 2021 | Hong Kong

The Hong Kong Securities & Futures Commission (SFC) and corruption agency ICAC (Independent Commission Against Corruption) have arrested a former senior executive of a listed company and 4 other individuals for suspicious money lending activities of the listed company.  The Hong Kong SFC conducted the search on suspicion of breaches of the Securities and Futures Ordinance and ICAC conducted the search and made the arrests for suspected corruption offences under the Prevention of Bribery Ordinance.  The Hong Kong SFC & ICAC joint operation also involved a search of the offices of the listed company and the premises of other related parties.

“ Hong Kong SFC & ICAC Arrests Former Senior Executive of Listed Company for Suspicious Loan Activities ”

 



2021 Data Release
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2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


Hong Kong SFC Statement

Hong Kong SFC ICAC
The Hong Kong Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) today entered into a Memorandum of Understanding (MoU) to formalise and strengthen cooperation in combating financial crime.

The SFC and the ICAC will continue to work closely to tackle the misconduct of listed companies including suspicious loan transactions and directors’ misconduct, to protect the investing public and maintain the integrity of Hong Kong’s financial markets.  

No further comment will be made at this stage as investigations are still ongoing.

 

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About Securities and Futures Commission (HK)Hong Kong Securities Futures Commission Logo

The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate Hong Kong’s securities and futures markets.

We derive our investigative, remedial and disciplinary powers from the Securities and Futures Ordinance (SFO) and subsidiary legislation. Operationally independent of the Government of the Hong Kong Special Administrative Region, we are funded mainly by transaction levies and licensing fees.

Visit: Hong Kong Securities and Futures Commission



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