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) €1.06m 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 | 1 | €1.06m |
| Q1 2025 | 0 | – |
| Q2 2025 | 0 | – |
| Q3 2025 | 0 | – |
| Q4 2025 | 0 | – |
| Q1 2026 | 0 | – |
| Q2 2026 | 0 | – |
| Q3 2026 | 0 | – |
| Q4 2026 | 0 | – |
1 case
9 Oct 2024 Xinhu International Futures (Hong Kong) Co., LimitedXinhu International Futures: HKD 9m fine for anti-money laundering control failures €1.06m
The futures broker Xinhu International Futures (Hong Kong) was publicly reprimanded and fined 9,000,000 HKD. Between December 2016 and March 2019 it did not assess the customer-supplied trading software used by 84 clients, did not adequately question deposits into six accounts that did not match the declared financial profile, and, lacking effective monitoring, failed to detect 12,413 trades in ten client accounts in which buyer and seller were the same (self-matched trades).
Anyone letting clients connect their own trading software must assess its risks and continuously match deposits and trading patterns against the client profile.
Anti-money laundering in brokerage: client software, deposits and trading patterns
- Authority / court
- Securities and Futures Commission (SFC)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- s. 194 SFO (Cap. 571); Schedule 2 ss. 5(1)(a)–(c), 23 AMLO (Cap. 615); AML Guideline paras. 2.1–2.3, 4.7.12, 5.1, 5.10, 5.11; Code of Conduct GP 2, GP 3, paras. 4.3, 5.1
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Repeat case
- no
- Mitigating circumstances
- Cooperation with the regulator, otherwise clean disciplinary record.
- Liability of senior managers
- Measures against individuals are not set out here.
- Published
- 9 Oct 2024
Original amount 9,000,000 HKD, converted at the ECB reference rate of 9 Oct 2024.
- SFC press release 24PR165: SFC reprimands and fines Xinhu International Futures (Hong Kong) Co., Limited $9 million (09.10.2024) Press release of an authority
- SFC Statement of Disciplinary Action zu 24PR165 Decision of an authority
Checked against the official source on 3 Oct 2026 · Direct link