Hong Kong Securities and Futures Commission condemns New Lake International Futures (Hong Kong) Co., Ltd. and imposes a fine of 9 million yuan and suspends the license of former responsible person Ni Wei for nine months

Golden Data 10 October 9th, New Lake International Futures (Hong Kong) Co., Ltd. was condemned and fined 9 million yuan by the Hong Kong Securities and Futures Commission for not complying with the regulations on combating Kara Para Aklama and terrorist financing and other regulatory requirements from December 2016 to March 2019. The Securities and Futures Commission of Hong Kong also temporarily revoked the licenses of Ni Wei (male), the former responsible person of New Lake, and the core functional supervisor responsible for overall management and supervision, compliance, information technology, and Risk Yönetimi for nine months, from October 8, 2024 to July 7, 2025, on the grounds that the lack of New Lake was attributed to Ni’s failure to perform his duties as the responsible person and senior management of New Lake at a critical time.