Highlights of Prosecution Cases

In December 2020, Great Rich Worldwide Limited (CR No.2659839) (“the Company”) was prosecuted by the Companies Registry and convicted of 17 counts of charges at the West Kowloon Magistrates’ Courts under section 53F(1) of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Cap. 615, for carrying on a trust or company service business without a licence, namely, providing a correspondence address for 17 companies.  A total fine of $51,000 was imposed by the Court.  In addition, the Court also disqualified the Company from holding a trust or company service provider licence for a period of six months.