# SFC

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.

NeMo2026年5月22日 10:23

#Hong Kong#SFC#Anti-Money Laundering

A stunning view of Shanghai's skyline featuring modern skyscrapers and iconic architecture.

Business

PwC to Pay HK$1 Billion Settlement Over Evergrande Audit Failures in Hong Kong

PwC Hong Kong has agreed to a HK$1 billion settlement with the SFC to compensate minority shareholders of China Evergrande Group following fraudulent audits for 2019 and 2020. The move aims to restore market integrity and marks a major escalation in auditor accountability within the region.

NeMo2026年4月23日 10:58

#PwC#China Evergrande#SFC