Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America, Latin America, Asia-Pacific and Middle East: 1,929 cases from 40 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by authority- Securities and Futures Commission (SFC), Hongkong €761,367 100 % · 1 case
What for?
by area of lawAll areas of law
Who?
by company- Hang Seng Bank Limited €8.1m 39 % · 1 case
- Deutsche Bank Aktiengesellschaft €2.62m 13 % · 1 case
- EFG Bank AG €1.19m 6 % · 1 case
- Xinhu International Futures (Hong Kong) Co., Limited €1.06m 5 % · 1 case
- Kylin International (HK) Co., Limited €968,909 5 % · 1 case
- Indian Overseas Bank, Hong Kong Branch €925,553 5 % · 1 case
- UBS AG €883,431 4 % · 1 case
- Instinet Pacific Limited €875,254 4 % · 1 case
- China Industrial Securities International Asset Management Limited €761,367 4 % · 1 case
- China CITIC Bank International Limited €485,944 2 % · 1 case
- 8 more€2.68m
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q4 2023 | 0 | – |
| Q1 2024 | 0 | – |
| Q2 2024 | 0 | – |
| Q3 2024 | 0 | – |
| Q4 2024 | 0 | – |
| Q1 2025 | 0 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 1 | €761,367 |
| Q4 2026 | 0 | – |
1 case
27 Jul 2026 China Industrial Securities International Asset Management LimitedSFC: HKD 6.8m fine for CISIAM over missed red flags in a private fund €761,367
The SFC publicly reprimanded China Industrial Securities International Asset Management (CISIAM) and fined it HKD 6.8 million because, between August 2019 and September 2020, the manager of a private fund set up for the insurer Tahoe Life acquired complex structures with notes linked to bonds of a related company at the request of the insurer's chief investment officer, without identifying and properly examining the red flags. CISIAM also failed to observe the fund's investment restrictions and objectives and did not manage its risks effectively. In setting the penalty, the SFC also took into account management fees of around HKD 1.9 million received from the fund.
A fund manager must independently assess an investor's instructions and must not implement unusually complex structures without a clear commercial rationale unchecked.
Recognising red flags in investor-driven fund arrangements
Missing or inadequate training played a role in the decision.
- Authority / court
- Securities and Futures Commission (SFC), Hongkong
- Area of law
- Capital markets and financial supervision · Organisational requirements
- Legal basis
- Section 194 Securities and Futures Ordinance (Cap. 571); General Principle 2 Code of Conduct; Paragraphen 1.2(d), 3.1 und 3.11.1 Fund Manager Code of Conduct; Abschnitt VIII Management, Supervision and Internal Control Guidelines
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Repeat case
- no
- Mitigating circumstances
- Remedial measures (new policies on risk management and dubious investment arrangements, compliance training), cooperation with the SFC and an otherwise clean disciplinary record.
- Published
- 27 Jul 2026
Original amount 6,800,000 HKD, converted at the ECB reference rate of 27 Jul 2026.
- SFC reprimands and fines China Industrial Securities International Asset Management Limited $6.8 million (26PR116) Press release of an authority
- Statement of Disciplinary Action – China Industrial Securities International Asset Management Limited Decision of an authority
Checked against the official source on 3 Oct 2026 · Direct link