Prosecution Case Details

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23 October 2018

In October 2018, HK YIRENJIAREN BUSINESS CONSULTING LIMITED (CR No. 1132185) was prosecuted by the Companies Registry and convicted of 10 counts of charges at the Shatin 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, acting as the company secretary of 10 companies. A total fine of $80,000 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.

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