March 06, 2017 BY Valentina Kirilova
SFC fines Guangdong Securities Ltd $3 million for breach of anti-money laundering guidelines
The Securities and Futures Commission (SFC) has reprimanded Guangdong Securities Limited (GSL), now known as Sinolink Securities (Hong Kong) Company Limited, and fined it $3 million for failures in complying with anti-money laundering guidelines when handling third party payments. The SFC found that between February 2011 and March 2013, GSL’s internal controls for handling payments…
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