Money Laundering Bulletin
Grand International Futures censured & fined HK$8m over due diligence, AML officer suspended
The Hong Kong Securities & Futures Commission (SFC) closedout 2021 with a fine of HK$8m (US$1.025m) against securities brokerage
GrandInternational Futures Co. Ltd (GIFCL) for inadequate checks on clients’ tradingapplications and irregular deposits, and
for ineffective monitoring. [1]