On May 21, 2025, the Securities and Futures Commission (SFC) imposed a five-month ban on Mr. Ho Hin Hang, former responsible officer and director of Lion Futures Limited (LFL), due to his failure to fulfill his duties related to anti-money laundering and counter-terrorist financing (AML/CFT) regulations from May 2017 to July 2019. The SFC found that LFL inadequately assessed risks associated with client-supplied systems and failed to implement effective monitoring of suspicious trading patterns. The disciplinary action aims to uphold public confidence in the market and serves as a deterrent against regulatory failures. Ho has an otherwise clean record and is currently not licensed by the SFC.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=25PR73
