A money service operator license holder was convicted by the Eastern Magistrates' Courts on November 4 for failing to comply with customer due diligence and record-keeping requirements, and providing false or misleading documents to Customs officers under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Ordinance). The company was fined a total of $328,000, the highest fine on record among similar cases. During a compliance inspection in March last ye

The Immigration Department (ImmD) mounted a series of territory-wide anti-illegal worker operations codenamed "Blockade" and "Twilight", a joint operation with the Labour Department codenamed "Rainbow" and joint operations with the Hong Kong Police Force codenamed "Champion" from November 14 to yesterday (November 20). A total of 33 suspected illegal workers, 10 suspected employers and two overstayers were arrested. During operation "Blockade", ImmD investigators discove

The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong that Blackridge Partners Ltd/Blackridge Partners Limited as referred to on the website ( https://blackridgepartnersltd.com ) does not have the authorization of the Monetary Authority (MA) under the Banking Ordinance (the Ordinance) to carry on banking business, or the business of taking deposits, in Hong Kong; a

The Department of Health (DH) today (November 24) carried out an enforcement operation with the Police against the suspected illegal sale of a topical product containing undeclared controlled medicines (see photo) at a beauty parlour in Yuen Long. During the operation, a 48-year old woman was arrested on suspicion of the illegal sale of Part 1 poison and an unregistered pharmaceutical product. Following up on a case referred by the Hospital Authority, the DH earlier purc

​Hong Kong Customs on November 2 and 4 seized about 3 300 suspected counterfeit goods with an estimated market value of about $2.5 million at the Hong Kong-Zhuhai-Macao Bridge (HZMB) Hong Kong Port. Through risk assessment, Customs on the abovementioned dates intercepted two incoming lorries at the HZMB Hong Kong Port. After inspection, Customs officers found the batch of suspected counterfeit goods, including mobile phones, footwear, bags and accessories, inside the car

Hong Kong Customs will set up a booth at the JMA Hong Kong International Jewelry Show (JMA), to be held at the Hong Kong Convention and Exhibition Centre (HKCEC), from tomorrow (November 27) for four consecutive days to publicise the Dealers in Precious Metals and Stones Regulatory Regime and will provide on-site counter services to assist non-Hong Kong dealers in submitting cash transaction reports during their participation in the exhibition. According to the Anti-Mone

According to the results of the 2024 Annual Survey of Economic Activities – Information and Communications, Financing and Insurance, Professional and Business Services Sectors released today (November 28) by the Census and Statistics Department (C&SD), the financing (except banking) industry recorded the largest total receipts in 2024, followed by insurance; banking; information and communications; professional, scientific and technical activities; and administrative and supp

The Securities and Futures Commission (SFC) has issued restriction notices to Futu Securities International (Hong Kong) Limited (Futu) and Soochow Securities International Brokerage Limited (Soochow), prohibiting them from dealing with, or processing any withdrawals or transfers of, assets held in the accounts ultimately owned by a board member of a listed corporation who is suspected of committing misconduct and breaching his duties towards the listed corporation (Notes 1 an