The Monetary Authority has suspended Mr. LI Shek Tang from the Hong Kong Monetary Authority’s register for nine months, from September 4, 2024, to June 3, 2025, due to misconduct. An investigation revealed that LI had photocopied a customer’s signature on a deposit form in March 2023 to deceive his bank. Although this act was not part of regulated activities under the Securities and Futures Ordinance, it questioned LI’s integrity and fitness to perform such activities. The HKMA, noting an increase in similar cases, emphasizes the importance of compliance training within banks.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/09/20240906-4/
