# KYC
Latest news and articles about KYC
Total: 2 articles found
Hong Kong’s Regulatory Iron Fist: SFC Signals Zero Tolerance for Brokerage Compliance Failures
The Hong Kong SFC has launched a major crackdown on brokerage firms following an audit that exposed significant failures in anti-money laundering controls and identity verification. Licensed firms are now required to conduct internal audits as the regulator moves toward a zero-tolerance policy for senior management oversight.
Regulatory Reckoning: China Slaps Rectification Order on Hangzhou Fintech Advisor
The Zhejiang Securities Regulatory Bureau has ordered Hangzhou Dingdian Finance to undergo mandatory rectification following a probe that revealed unlicensed advisory activity, misleading performance claims, and KYC failures. This enforcement action underscores China's commitment to tightening oversight on digital investment consultants and protecting retail investors from predatory marketing.