STANDARD CHARTERED BANK (HONG KONG) LIMITED 渣打銀行(香港)有限公司
SFC bans Mr Chan Ka Hey, ex-Standard Chartered Bank, for 6 months
| Statement of Disciplinary Action
SFC, 28-Jul-2022
For cutting and pasting a signature from page 4 to page 2 of a form, which the client had failed to sign. He was nabbed when a colleague found the doctored page 2 in the photocopier. So, maybe don't do that. He follows in the footsteps of Chui Chau Mang, who worked at the same bank and also left her doctored form in the copier and was suspended by the HKMA for 4 months in 2021.
SFC, 28-Jul-2022
For cutting and pasting a signature from page 4 to page 2 of a form, which the client had failed to sign. He was nabbed when a colleague found the doctored page 2 in the photocopier. So, maybe don't do that. He follows in the footsteps of Chui Chau Mang, who worked at the same bank and also left her doctored form in the copier and was suspended by the HKMA for 4 months in 2021.
SFC bans Lam Ki Fung, ex-Standard Chartered Bank, for 3 years
SFC, 18-Jul-2022
For dishonest conduct: round-tripping money into payroll accounts for 5 customers procured by his mum, to generate an incentive payment to himself.
SFC, 18-Jul-2022
For dishonest conduct: round-tripping money into payroll accounts for 5 customers procured by his mum, to generate an incentive payment to himself.
SFC bans Lau Tin Yau, ex-UOB Kay Hian and Standard Chartered Bank, for life
SFC, 26-Oct-2021
This follows his earlier court conviction and fine on 3-Sep-2020 for failing to tell the SFC about other investigations against him by a then-unnamed body which now turns out to be the HKMA, which began investigating on 5-Dec-2018 following Lau's conviction under the Prevention of Bribery Ordinance in May 2018, for which he was ordered to do 200 hours of community service.
SFC, 26-Oct-2021
This follows his earlier court conviction and fine on 3-Sep-2020 for failing to tell the SFC about other investigations against him by a then-unnamed body which now turns out to be the HKMA, which began investigating on 5-Dec-2018 following Lau's conviction under the Prevention of Bribery Ordinance in May 2018, for which he was ordered to do 200 hours of community service.
Winding-up ordered for Trinity (Management Services) Ltd, subsidiary of Trinity (0981)
HK Court of First Instance, 22-Jul-2021
HK Court of First Instance, 22-Jul-2021
HKMA suspends Ms Chui Chau Mang, ex-Standard Chartered, for 4 months
HK Monetary Authority, 27-Jan-2021
For cutting and pasting a client signature from the wrong form for an insurance application to the correct form. She was discovered when the doctored form was found in the photocopier.
HK Monetary Authority, 27-Jan-2021
For cutting and pasting a client signature from the wrong form for an insurance application to the correct form. She was discovered when the doctored form was found in the photocopier.
SFC bans Pang Hon Pan, ex-Standard Chartered, for 21 months
| Statement of Disciplinary Action
SFC, 25-Nov-2020
The HKMA was originally going to ban him for 15 months, but then he appealed to the SFAT and then ducked a hearing by lying to them about undergoing quarantine after a business trip to the mainland - it wasn't a business trip and he wasn't in quarantine. The moral of the story is: when you are in a hole, stop digging. His offence was failing to disclose his brokerage accounts and dealings to his employer for 7 years.
SFC, 25-Nov-2020
The HKMA was originally going to ban him for 15 months, but then he appealed to the SFAT and then ducked a hearing by lying to them about undergoing quarantine after a business trip to the mainland - it wasn't a business trip and he wasn't in quarantine. The moral of the story is: when you are in a hole, stop digging. His offence was failing to disclose his brokerage accounts and dealings to his employer for 7 years.
Pang Hon Pan v HK Monetary Authority
SFAT, 14-May-2020
Mr Pang withdraws his appeal against disciplinary action (a suspension of 15 months for not disclosing his brokerage accounts to his then employer, Standard Chartered) and is ordered to pay HK$460k in costs to the HKMA, all of which are fees for barrister Norman Nip.
SFAT, 14-May-2020
Mr Pang withdraws his appeal against disciplinary action (a suspension of 15 months for not disclosing his brokerage accounts to his then employer, Standard Chartered) and is ordered to pay HK$460k in costs to the HKMA, all of which are fees for barrister Norman Nip.
Ex-head of private banking at Standard Chartered China charged with accepting HK$150k bribe from insurance head
| Appointment
ICAC, 9-Jan-2018
According to his LinkedIn profile, Ryan Gwee Yuan Kerr left Standard Chartered in Nov-2011. A Standard Chartered press release from 17-Jan-2011 announcing his appointment as Head of Private Banking, China, stated that he had then been with the bank for over 10 years. The ICAC does not name the "chairman cum major shareholder of an insurance company" who allegedly bribed Mr Gwee.
ICAC, 9-Jan-2018
According to his LinkedIn profile, Ryan Gwee Yuan Kerr left Standard Chartered in Nov-2011. A Standard Chartered press release from 17-Jan-2011 announcing his appointment as Head of Private Banking, China, stated that he had then been with the bank for over 10 years. The ICAC does not name the "chairman cum major shareholder of an insurance company" who allegedly bribed Mr Gwee.
Chairman Lam Ching Kui moves 45.68% of Wai Chun Mining (0660) from China Industrial Securities to Standard Chartered
The move on 22-Dec-2017 comes just 14 days after moving the same amount in the opposite direction. Perhaps there was a 2-week loan secured against the shares. (26-Dec-2017)
The move on 22-Dec-2017 comes just 14 days after moving the same amount in the opposite direction. Perhaps there was a 2-week loan secured against the shares. (26-Dec-2017)
Company director in court for HK$13m invoice financing loans fraud
ICAC, 25-Aug-2017
Ng Tai Shing, director and shareholder of D. D. Industries Ltd, allegedly used fake invoices to 4 companies to get export finance from Standard Chartered Bank.
ICAC, 25-Aug-2017
Ng Tai Shing, director and shareholder of D. D. Industries Ltd, allegedly used fake invoices to 4 companies to get export finance from Standard Chartered Bank.
SFC fines former Standard Chartered Investment Services Ltd HK$3m
SFC, 3-Jan-2017
For a total of 9 years in periods between 2000 and 2015, it didn't have the minimum of 2 key personnel with 5 years' experience managing retirement funds or public funds. Holders of Standard Chartered MPF products might have cause for complaint.
SFC, 3-Jan-2017
For a total of 9 years in periods between 2000 and 2015, it didn't have the minimum of 2 key personnel with 5 years' experience managing retirement funds or public funds. Holders of Standard Chartered MPF products might have cause for complaint.
Duo jailed for HK$3.3m loans fraud & money laundering
ICAC, 16-Feb-2015
Yes, the people behind Honest (HK) Manufacturing were jailed for dishonesty.
ICAC, 16-Feb-2015
Yes, the people behind Honest (HK) Manufacturing were jailed for dishonesty.
US action against StanChart (2888)
HK Monetary Authority, 20-Aug-2014
Regarding the suspension of USD clearing for "high-risk" retail business clients, the HKMA has no "significant supervisory concerns" and has "required SCBHK to take appropriate actions regarding the affected customers and to minimize possible disruptions to their day to day operations".
HK Monetary Authority, 20-Aug-2014
Regarding the suspension of USD clearing for "high-risk" retail business clients, the HKMA has no "significant supervisory concerns" and has "required SCBHK to take appropriate actions regarding the affected customers and to minimize possible disruptions to their day to day operations".
StanChart (2888) US$300m penalty and suspension of business for "HK high-risk retail business clients"
NY State Department of Financial Services, 19-Aug-2014
The criteria for what is a "high-risk client" are not disclosed but are agreed between SCB and its monitor. Presumably SCB will carry on offering non-USD clearing services to these clients? The HKMA says it has no "significant supervisory concerns".
NY State Department of Financial Services, 19-Aug-2014
The criteria for what is a "high-risk client" are not disclosed but are agreed between SCB and its monitor. Presumably SCB will carry on offering non-USD clearing services to these clients? The HKMA says it has no "significant supervisory concerns".
Duo in court for alleged HK$3.3m loans fraud and money laundering
ICAC, 11-Jul-2014
Yes, really, the company name is "Honest (HK) Manufacturing Ltd".
ICAC, 11-Jul-2014
Yes, really, the company name is "Honest (HK) Manufacturing Ltd".
Crooked bank teller shocks judge
HK Standard, 3-Jan-2013
By knocking off Hang Seng Bank, then going to jail, then getting work at Standard Chartered, where pre-employment procedures may need review. Will he go for the hat-trick?
HK Standard, 3-Jan-2013
By knocking off Hang Seng Bank, then going to jail, then getting work at Standard Chartered, where pre-employment procedures may need review. Will he go for the hat-trick?
Re Krzysztof Marszalek and Grady Yu Shun Leung
HK Court of First Instance, 22-May-2012
Bankruptcy orders against Mr Marszalek and Mr Yu are annulled. Standard Chartered Bank had obtained the orders after they defaulted on guarantees for HK$18m of loans to Starline International Group Ltd. A Mr Wong Kam Wing has come to the rescue, providing full settlement so that the pair can sell their latest loss-making venture, Buy Together Hong Kong Ltd (operator of BeeCrazy.hk), for cash and shares in a pre-IPO company. Note: this later turns out to be iBuy Group Ltd, which listed on ASX in Dec-2013 after buying the HK firm for US$21m including US$8.4m in cash.
HK Court of First Instance, 22-May-2012
Bankruptcy orders against Mr Marszalek and Mr Yu are annulled. Standard Chartered Bank had obtained the orders after they defaulted on guarantees for HK$18m of loans to Starline International Group Ltd. A Mr Wong Kam Wing has come to the rescue, providing full settlement so that the pair can sell their latest loss-making venture, Buy Together Hong Kong Ltd (operator of BeeCrazy.hk), for cash and shares in a pre-IPO company. Note: this later turns out to be iBuy Group Ltd, which listed on ASX in Dec-2013 after buying the HK firm for US$21m including US$8.4m in cash.
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