Tag: iSTAR International Futures Co. Limited

April 12, 2017 BY Valentina Kirilova

SFC reprimands and fines iSTAR International Futures Co. Limited $3 million over anti-money laundering

The Securities and Futures Commission (SFC) has reprimanded iSTAR International Futures Co. Limited, now known as Rifa Futures Limited, and fined it $3 million over failures to comply with anti-money laundering regulatory requirements when processing third party fund transfers. An SFC investigation found that between January and July 2014, Rifa took insufficient steps to mitigate…

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