Saturday, June 19, 2021

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Former Hong Kong minister Patrick Ho returns home after serving jail time in New York

Bribery convict Patrick Ho Chi-ping, the disgraced former secretary for home affairs from 2002 to 2007, has arrived in Hong Kong in the morning today, reports say. The 70-year-old Ho was convicted of bribery in the United States last year...

Hong Kong Securities Commission fines brokerage firm over AML failings

Hong Kong’s Securities and Futures Commission (SFC) on Monday fined Southwest Securities (HK) HK$5 million ($650,000) for failing to meet anti-money laundering and counter-terrorist financing laws. The listed brokerage firm violated provisions of the rules between January and December 2016,...

Hong Kong firm sues Alstom in possible corruption case

A multinational company that manufactures tube carriages for the London Underground is embroiled in a legal dispute with an obscure Hong Kong firm over suspected corrupt payments. Alstom, a French-headquartered multinational that makes railway carriages and rolling stock, is being...

Hong Kong fines China’s Bank of Communications branch for breaching anti-money launderings laws

Hong Kong’s markets watchdog said on Monday it had fined a local securities unit of one of China’s largest banks, Bank of Communications (3328.HK) (601328.SS), HK$19.6 million ($2.53 million) for a range of regulatory breaches. BOCOM International Securities Limited broke...

Former Hong Kong Exchange executive charged for accepting bribes

The Independent Commission Against Corruption (ICAC), Hong Kong’s anti-corruption watchdog, charged a former senior executive of bourse operator Hong Kong Exchanges and Clearing on Wednesday for accepting HK$9.15 million (US$1.18 million) in bribes between 2017 and 2019. Eugene Yeoh Kim-loong,...

North Korea laundered money through Hong Kong Blockchain Platform – Report

The UN Security Council’s Sanctions Committee on North Korea has identified a Hong Kong business using a “blockchain platform” to launder money on behalf of the Pyongyang regime, Chosunilbo reports. The business, Marine China, reportedly, “set up a shipping and logistics...

Lack of extradition process from Hong Kong to mainland China flagged by anti-money laundering body

The lack of a mechanism in Hong Kong to extradite suspects to other parts of China was cited as an obstacle to tackling money laundering and terrorism financing by an international monitoring group on Wednesday, the same day Hong...

Former JPMorgan senior banker pleads not guilty to Hong Kong bribery charges

A former JPMorgan (JPM.N) Asia investment banking vice-chair, Catherine Leung, pleaded not guilty to charges of bribery in a Hong Kong court on Thursday. Leung was charged in May by Hong Kong’s Independent Commission Against Corruption with bribing the then...

Ex-JPMorgan banker faces Hong Kong bribery charges over ‘princeling’ hires

JPMorgan’s former Asia investment banking vice-chair Catherine Leung has been charged with two counts of bribery by Hong Kong’s anti-corruption watchdog for offering a job to the son of a potential client. Leung allegedly offered employment to the son of...

Ex-Hong Kong minister Patrick Ho gets 3 three years in jail for bribery

Disgraced former Hong Kong minister Patrick Ho Chi-ping is expected to be sent to a minimum security prison after a US court sentenced him to three years in jail and fined him US$400,000 (HK$3.1 million) over a multimillion-dollar bribery...

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Former Scranton police officer pleads guilty to bribery charges for soliciting sex

Thomas McDonald plead guilty today in federal court to federal bribery charges for soliciting sex and sexual favors from...
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