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Regulatory News
FCA censures Equity for Growth (Securities) Limited
The FCA has censured Equity for Growth (Securities) Limited (EFG) for approving financial promotions relating to minibonds that were unfair, unclear and misleading.
Jul 31
Swiss Bank Lombard Odier Fined $3.7m Over Money Laundering Case
Switzerland’s Federal Criminal Court has fined private bank Lombard Odier 3 million Swiss francs ($3.7 million) for failing to prevent money laundering linked to an Uzbek corruption network. The ruling, delivered on July 28, 2026, also saw a former relationship manager receive a
Jul 31
Financial Firms Must Strengthen AML Controls as Regulators Intensify
Financial institutions across the UK, Europe and Asia-Pacific are facing mounting pressure to strengthen their anti-money laundering (AML) frameworks, with regulators making clear that current compliance efforts fall short of expectations.
Jul 31
MAS Issues Prohibition Order against Mr Li Jinbo
Singapore, 27 July 2026... The Monetary Authority of Singapore ("MAS") has issued a 3-year prohibition order ("PO") under the Financial Services and Markets Act 2022 ("FSMA") against Mr Li Jinbo, a former appointed representative and formerly the Chief Investment Officer ("CIO")
Jul 31
SFC reprimands and fines Bright Smart Securities International (H.K.) Limited $2.8 million for internal control failures in monitoring suspicious trades
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
Jul 31
SFC reprimands and fines China Industrial Securities International Asset Management Limited $6.8 million for failing to properly identify and address red flags in dubious arrangements and other...
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 (
Jul 31
SFC reprimands and fines Luk Fook Securities (HK) Limited $2.1 million for inadequate cybersecurity control to fend off cyberattack
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
Jul 31
SFC issues restriction notice to broker to freeze assets of over $125 million linked to suspected IPO fraud
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
Jul 31
The Association Urges the SFC to Optimise the CVAP Examination and Raises Concerns over Operating Costs under New VA Policies
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
Jul 24
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