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The Hong Kong Securities and Futures Commission has issued a circular requesting licensed corporations to strengthen monitoring measures when opening accounts and maintaining customer relationships. Previously, the China Securities Regulatory Commission found multiple deficiencies in the account opening operations of 12 securities brokerage firms, including insufficient due diligence, acceptance of suspicious or forged documents, and weak management of cross-border agency relationships. The China Securities Regulatory Commission (CSRC) is concerned that customer accounts may be used for suspicious or illegal transactions and related money laundering risks, and requires licensed corporations to conduct internal checks as soon as possible to determine whether they have received suspicious documents. At the same time, additional measures for opening accounts for mainland investors should be listed.