March 14, 2017 BY Valentina Kirilova

SFC reprimands and fines Zhongtai International Securities Limited $2.6 million

The Securities and Futures Commission (SFC) has reprimanded Zhongtai International Securities Limited, formerly known as Qilu International Securities Limited (Zhongtai), and fined it $2.6 million for failures in complying with anti-money laundering regulatory requirements when handling third party fund deposits. The SFC found that between January 2013 and December 2014 (Relevant Period), Zhongtai failed to:…

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