The Hong Kong Securities and Futures Commission (SFC) has banned Ho Hin Hang, a former responsible officer, manager-in-charge and director of Lion Futures Limited (LFL), for five months from 21 May 2025 to 20 October 2025 for failing to discharge his senior management responsibilities in relation to LFL’s anti-money laundering and counter-terrorist financing (AML/CFT) and other regulatory breaches. The ban follows the SFC’s earlier disciplinary action against LFL for compliance failures between May 2017 and July 2019, for which the firm was reprimanded and fined HKD 2.8 million. The SFC found LFL permitted clients to use client supplied systems to place orders without adequate due diligence to properly assess and manage money laundering, terrorist financing and other risks, and failed to establish effective ongoing monitoring to detect and assess suspicious trading patterns in client accounts. The SFC attributed the firm’s failures to Ho’s shortcomings as an RO and senior management member between May 2017 and September 2018, and took into account the seriousness of the control failures, the need for deterrence and his otherwise clean disciplinary record.
Hong Kong Securities & Futures Commission 2025-05-21
Hong Kong Securities and Futures Commission bans former Lion Futures responsible officer Ho Hin Hang for five months over AML and electronic trading controls
The Hong Kong Securities and Futures Commission (SFC) has banned Ho Hin Hang, a former senior manager at Lion Futures Limited (LFL), for five months due to failures in anti-money laundering and counter-terrorist financing responsibilities. This follows a previous SFC reprimand and HKD 2.8 million fine against LFL for compliance failures from 2017 to 2019. The SFC cited Ho's inadequate oversight and the firm's lack of due diligence and monitoring as key factors in the decision.