Money Laundering Bulletin
Southwest Securities (HK) Brokerage Ltd fined HK$5m over third party deposit control breaches
The Hong Kong Securities and Futures Commission has ordered Southwest Securities (HK) Brokerage Ltd (SSBL) to pay HK$5 million
after it discovered failings in controls over third party deposits (TPDs) into client accounts, as well as monitoring and
suspicious transaction reporting deficiencies. [1]