Previous Highlights of Disciplinary Cases
| Name of Licensee and Licence No. | Contravention | Disciplinary Action Taken |
|---|---|---|
| ZENITH CONSULTING SERVICES LIMITED (TC005121) | The Licensee has contravened: 1. Sections 2(1)(a) and 3(1) of Schedule 2 to the AMLO, namely, the Licensee has failed to take measures to identify and verify the identity of customers before establishing business relationship with customers. 2. Section 5(1) of Schedule 2 to the AMLO, namely, the Licensee has failed to continuously monitor the business relationship with a customer by reviewing from time to time documents, data and information relating to that customer that have been obtained by the Licensee for the purpose of conducting customer due diligence to ensure that they are up-to-date and relevant. 3. Section 20(1) of Schedule 2 to the AMLO, namely, the Licensee has failed to keep the original or copies of the documents and records obtained in the course of identifying and verifying the identity of customers in accordance with Part 2 of Schedule 2 to the AMLO. 4. Section 23 of Schedule 2 to the AMLO, namely, the Licensee has failed to take all reasonable measures to mitigate money laundering and terrorist financing risks. |
Public reprimand and imposition of a pecuniary penalty of HK$10,000 (Decision Date: 19 July 2022)
Statement of Disciplinary Action
|
| THE LAW DEBENTURE CORPORATION (H.K.) LIMITED (TC002897) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Imposition of a pecuniary penalty of HK$33,000 (Decision Date: 17 June 2022)
Statement of Disciplinary Action
|
| LAW DEBENTURE TRUST (ASIA) LIMITED (TC002898) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Imposition of a pecuniary penalty of HK$43,000 (Decision Date: 17 June 2022)
Statement of Disciplinary Action
|
| NOVA BUSINESS SERVICES LIMITED (TC000745) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Imposition of a pecuniary penalty of HK$10,000 (Decision Date: 31 May 2022)
Statement of Disciplinary Action
|
| GLOBAL CONSULTING MANAGEMENT LIMITED (TC006521) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Public reprimand (Decision Date: 30 April 2022)
Statement of Disciplinary Action
|
| ALLSHORES CORPORATE SERVICES (HK) LIMITED (TC003926) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Imposition of a pecuniary penalty of HK$21,000 (Decision Date: 19 January 2022)
Statement of Disciplinary Action
|
| HARNEYS CORPORATE SERVICES (ASIA) LIMITED (TC003019) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Public reprimand and imposition of a pecuniary penalty of HK$22,000 (Decision Date: 22 December 2021)
Statement of Disciplinary Action
|
| HARNEYS COMPANY SECRETARIES (ASIA) LIMITED (TC003022) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Public reprimand (Decision Date: 22 December 2021)
Statement of Disciplinary Action
|
| MM CORPORATE SERVICES LIMITED (TC000358) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Public reprimand and imposition of a pecuniary penalty of HK$10,000 (Decision Date: 13 December 2021)
Statement of Disciplinary Action
|
| DES SECRETARIES COMPANY LIMITED (TC005699) | The Licensee has contravened: 1. Condition 2 of the licence imposed by the Registrar of Companies pursuant to section 53J of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, the Licensee has failed to put in place adequate and proper anti-money laundering and counter-terrorist financing policies, procedures and controls, as evidenced by policy statement(s) or other written documents. 2. Section 19(3) of Schedule 2 to the AMLO, namely, the Licensee has failed to establish and maintain effective procedures not inconsistent with the AMLO for the purpose of carrying out the duties under sections 3, 4, 5, 9, 10 and 15 of Schedule 2. 3. Section 23 of Schedule 2 to the AMLO, namely, the Licensee has failed to take all reasonable measures to ensure that proper safeguards exist to prevent a contravention of any requirement under Part 2 or 3 of Schedule 2; and to mitigate money laundering and terrorist financing risks. |
Imposition of a pecuniary penalty of HK$7,500 (Decision date: 25 November 2021)
Statement of Disciplinary Action
|
| H.Y. MANAGEMENT LIMITED (TC007003) | The Licensee has contravened: 1. Section 53S(1) of Part 5A of the AMLO, namely, a person has become an ultimate owner of the Licensee without prior written approval of the Registrar. 2. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 3. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Public reprimand and imposition of a pecuniary penalty of HK$9,000 (Decision date: 25 November 2021)
Statement of Disciplinary Action
|
| HONG KONG VIRTUAL ASSET (TCSP) COMPANY LIMITED (TC006588) | The Licensee has contravened: 1. Section 53S(1) of Part 5A of the AMLO, namely, a person has become an ultimate owner of the Licensee without prior written approval of the Registrar. 2. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 3. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Imposition of a pecuniary penalty of HK$23,000 (Decision date: 29 October 2021)
Statement of Disciplinary Action
|
| KARISMA SPIRITUAL HEALING CENTER LIMITED (TC002040) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Public reprimand and imposition of a pecuniary penalty of HK$10,000 (Decision date: 8 October 2021)
Statement of Disciplinary Action
|
| LANCASHIRE MANAGEMENT SERVICES LIMITED (TC000040) | The Licensee has contravened: 1. Section 53S(1) of Part 5A of the AMLO, namely, a person has become an ultimate owner of the Licensee without prior written approval of the Registrar. 2. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 3. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of changes in its particulars within 1 month beginning on the date on which the changes take place. |
Imposition of a pecuniary penalty of HK$24,000 (Decision date: 30 April 2021)
Statement of Disciplinary Action
|
| SEEK WEALTH COMPANY LIMITED (TC001423) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Imposition of a pecuniary penalty of HK$7,500 (Decision date: 30 April 2021)
Statement of Disciplinary Action
|
| KOSSILON CORPORATE SERVICES LIMITED (TC002869) | The Licensee has contravened: 1. Section 53S(1) of Part 5A of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, a person has become an ultimate owner of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Public reprimand and imposition of a pecuniary penalty of HK$25,000 (Decision date: 28 April 2021)
Statement of Disciplinary Action
|
| WISDOM BUDDIES BUSINESS SOLUTIONS LIMITED (TC002436) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Imposition of a pecuniary penalty of HK$13,000 and ordering the Licensee to take remedial action (Decision date: 28 April 2021)
Statement of Disciplinary Action
|
| Proxy Corporate Management Limited (TC004268) | The Licensee has contravened: 1. Section 53U(1) of Part 5A of the AMLO, namely, a person has become a director of the Licensee without prior written approval of the Registrar. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Public reprimand and imposition of a pecuniary penalty of HK$10,000
(Decision date: 24 March 2021)
Statement of Disciplinary Action
|
| LL Chance Investment Limited (TC005619) | The Licensee has contravened: 1. Condition 3 of the licence imposed by the Registrar of Companies (“the Registrar”) pursuant to section 53J of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, the Licensee has failed to provide information relating to its business during the term of the licence as may be required by the Registrar and within such time as the Registrar may specify. 2. Section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Imposition of a pecuniary penalty of HK$8,000 and ordering the Licensee to take remedial actions
(Decision date: 10 February 2021)
Statement of Disciplinary Action
|
| J&T International Corporate Services Limited (TC003049) | The Licensee has contravened Condition 3 of the licence imposed by the Registrar of Companies (“the Registrar”) pursuant to section 53J of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615, namely, the Licensee has failed to provide information relating to its business during the term of the licence as may be required by the Registrar and within such time as the Registrar may specify. |
Imposition of pecuniary penalty of HK$5,000 and order for remedial action
(Decision date: 27 November 2020)
Statement of Disciplinary Action
|
| Good Profit Registration Limited (TC003033) | The Licensee has contravened: 1. Condition 2 of the licence imposed by the Registrar of Companies pursuant to section 53J of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, the Licensee has failed to put in place adequate and proper anti-money laundering and counter-terrorist financing policies, procedures and controls, as evidenced by policy statement(s) or other written documents. 2. section 19(3) of Schedule 2 to the AMLO, namely, the Licensee has failed to establish and maintain effective procedures not inconsistent with the AMLO for the purpose of carrying out the duties under sections 3, 4, 5, 9, 10 and 15 of Schedule 2. 3. section 23 of Schedule 2 to the AMLO, namely, the Licensee has failed to take all reasonable measures to ensure that proper safeguards exist to prevent a contravention of any requirement under Part 2 or 3 of Schedule 2; and to mitigate money laundering and terrorist financing risks. |
Imposition of a pecuniary penalty of HK$10,000
(Decision date: 19 October 2020)
Statement of Disciplinary Action
|
| Legacy Trust Company Limited (TC004666) | The Licensee has contravened: 1. section 53U(1) of Part 5A of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, a person has become a director of the Licensee without prior written approval of the Registrar of Companies. 2. section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of Companies of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Imposition of a pecuniary penalty of HK$20,000
(Decision date: 21 September 2020)
Statement of Disciplinary Action
|
| Safe Assets Tax & Financial Strategy (H.K.) Limited (TC000450) | The Licensee has contravened: 1. Condition 2 of the licence imposed by the Registrar of Companies pursuant to section 53J of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, the Licensee has failed to put in place adequate and proper anti-money laundering and counter-terrorist financing policies, procedures and controls, as evidenced by policy statement(s) or other written documents. 2. section 19(3) of Schedule 2 to the AMLO, namely, the Licensee has failed to establish and maintain effective procedures not inconsistent with the AMLO for the purpose of carrying out the duties under sections 3, 4, 5, 9, 10 and 15 of Schedule 2. 3. section 23 of Schedule 2 to the AMLO, namely, the Licensee has failed to take all reasonable measures to ensure that proper safeguards exist to prevent a contravention of any requirement under Part 2 or 3 of Schedule 2; and to mitigate money laundering and terrorist financing risks. |
Imposition of a pecuniary penalty of HK$10,000
(Decision date: 21 September 2020)
Statement of Disciplinary Action
|
| CCH Management Consultants Limited (TC001241) | The Licensee has contravened: 1. section 53U(1) of Part 5A of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, a person has become a director of the Licensee without prior written approval of the Registrar of Companies. 2. section 53W(1) of Part 5A of the AMLO, namely, the Licensee has failed to notify the Registrar of Companies of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Public Reprimand
(Decision date: 14 September 2020)
Statement of Disciplinary Action
|
| CMC Consultants Limited (TC000057) | The Licensee has contravened section 53S(1) of Part 5A of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615, namely, a person has become the ultimate owner of the Licensee without prior written approval of the Registrar of Companies. |
Public Reprimand
(Decision date: 4 September 2020)
Statement of Disciplinary Action
|
| PLB Consultancy Limited (TC001898) | The Licensee has contravened section 53W(1) of Part 5A of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615, namely, the Licensee has failed to notify the Registrar of Companies of a change in its particulars within 1 month beginning on the date on which the change takes place. |
Imposition of a pecuniary penalty of HK$5,000
(Decision date: 20 August 2020)
Statement of Disciplinary Action
|
| Hung Kai Registrations (HK) Limited (TC005327) | The Licensee has contravened: 1. section 2(1)(a) of Schedule 2 to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”), namely, the Licensee has failed to take measures to identify and verify the identities of four customers. 2. section 2(1)(b) of Schedule 2 to the AMLO, namely, the Licensee has failed to identify and take reasonable measures to verify the identities of the beneficial owners of six customers. |
Ordering the Licensee to remedy the contraventions and imposition of pecuniary penalty of HK$90,000
(Decision date: 30 May 2019)
Statement of Disciplinary Action
|