Hong Kong SFC adds Ace Standard Holdings Limited to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong.

Added to the SFC Alert List is the company Ace Standard Holdings Limited.

According to the SFC, the company acts as a settlement agent for Asakura Acquisitions, another unlicensed entity on the Alert List. It uses a bank account in Hong Kong under its name for settlement. The Hong Kong address the company entered belongs to a secretarial company.

The SFC Alert List can be seen here.

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