BANL INTERNATIONAL BUSINESS (HK) CO., LIMITED (TC001525)

The Licensee has contravened section 23 of Schedule 2 to the AMLO, namely, the Licensee has failed to take all reasonable measures to ensure that proper safeguards exist to prevent a contravention of any requirement under Part 2 or 3 of Schedule 2; and to mitigate money laundering and terrorist financing risks.

Public reprimand and imposition of a pecuniary penalty of HK$6,000 (Decision Date: 8 August 2024)

Statement of Disciplinary Action