SFC Suspends Hui Lam Chiu for Six Months

[kreslik.news]

The Securities and Futures Commission (SFC) in Hong Kong has declared a suspension of Mr. Hui Lam Chiu.

Hui was a responsible officer of Guoyuan Securities Brokerage Limited, which operates as a subsidiary of Guoyuan Securities CO., from May 19 2017 to November 18 2017. The reason behind this disciplinary action stems from the SFC having sanctioned the Hong Kong-based firm for its breach of the anti-money laundering guidelines, as it failed to properly conduct enquiries and scrutiny to mitigate the risks involved with money laundering and terrorist financing while processing third party fund withdrawals and deposits between September 2010 and ... (read more)