Registry for Trust and Company Service Providers
Unit 1208, 12/F, One Kowloon, 1 Wang Yuen Street, Kowloon Bay, Kowloon, Hong Kong

Highlights of Disciplinary Cases

Licensee Nature of non-compliance Disciplinary order(s)
Hung Kai Registrations (HK) Limited (TCSP Licence Number: TC005327)
  1. Failing to take measures to identify and verify the identities of its customers, contrary to section 2(1)(a) of Schedule 2 to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615 (“the AMLO”); and
  2. Failing to identify the beneficial owners, and take reasonable measures to verify the identities of the beneficial owners, of its customers, contrary to section 2(1)(b) of Schedule 2 to the AMLO.
The licensee was ordered to remedy the non-compliances and was fined a total of $90,000 by the Registrar of Companies on 30 May 2019.