HONG KONG Dec 8 Hong Kong's securities
regulator is investigating brokers in the Asian financial hub
for suspected breaches of measures to rein in money-laundering,
and may levy "tough" sanctions if any are confirmed, it said on
The Securities and Futures Commission said it would step up
efforts to stamp out money-laundering, amid a broader review of
"A specialised team is investigating a number of cases
involving licensed brokers whose internal controls are suspected
to be inadequate," it said in a newsletter on its website,
referring to measures against money-laundering.
"We will impose tough sanctions on licensees if our
investigations confirm regulatory breaches," it added, but did
not give details.
The regulator is also putting greater focus on corporate
fraud and malfeasance, potential misconduct on Hong Kong's
Growth Enterprise Market and market surveillance.
(Reporting by Michelle Price; Editing by Clarence Fernandez)