The Securities and Futures Commission (SFC) has reprimanded and fined Bright Smart Securities International (H.K.) Limited (BSSIHK) $2.8 million for failing to implement adequate and effective internal control procedures to monitor and detect wash trades conducted by its clients

The Securities and Futures Commission (SFC) has reprimanded and fined China Industrial Securities International Asset Management Limited (CISIAM) $6.8 million for failing to discharge its duties as the fund manager of a private fund (Fund) between August 2019 and September 2020 (

The Securities and Futures Commission (SFC) has reprimanded and fined Luk Fook Securities (HK) Limited (LFSHK) $2.1 million for failing to implement adequate and effective cybersecurity control measures, which might have contributed to its failure to withstand a ransomware attack

The Securities and Futures Commission (SFC) has issued a restriction notice to Futu Securities International (Hong Kong) Limited (Futu), prohibiting it from dealing with or processing assets of up to $125,247,000 in client accounts held by an entity suspected to be involved in a

On 3 July 2026, the Hong Kong Securities and Futures Professionals Association (the “Association”) visited the Legislative Council and held a meeting with Mr. Joseph Chan, Under Secretary for Financial Services and the Treasury, along with other secretaries, as well as regulatory

According to the bank and reporting on the settlement, the New York case did not allege that Swedbank itself laundered money. Instead, it focused on two occasions—2016 and 2018—when the bank failed to properly notify the regulator and provide requested documents, and on broader s

California’s Digital Financial Assets Law (DFAL) is now fully operative, marking the start of a new era for crypto regulation in the United States. As of July 1, 2026, any firm conducting covered digital asset activities with California residents must be licensed by the Departme

The U.S. Treasury’s Financial Crimes Enforcement Network, known as FinCEN, has proposed a significant rewrite of how financial institutions structure their anti-money laundering and countering the financing of terrorism programs. The rule is designed to modernize Bank Secrecy Act