Enforcement
KGI Futures Co.,Ltd. Sanctioned for Violation of Laws and Regulations Governing Futures Business
2021-10-07
1. Date the fine was imposed: October 7, 2021
2. Recipient of the fine: KGI Futures Co.,Ltd. (hereinafter " KGI Futures ").
3. Legal basis of the fine: Paragraph 2, Article 2 of the Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: KGI Futures failed to submit relevant evidentiary materials and keep telephone recordings, and also failed to conduct examination of customer transactions, analyze and judge the rationality of customer transaction warning patterns when conducting the AML/CFT operation. Above facts were in violation of futures regulations.
5. Resulting fine: An administrative fine of NT$120,000 was imposed on KGI Futures in accordance with subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act.
2. Recipient of the fine: KGI Futures Co.,Ltd. (hereinafter " KGI Futures ").
3. Legal basis of the fine: Paragraph 2, Article 2 of the Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: KGI Futures failed to submit relevant evidentiary materials and keep telephone recordings, and also failed to conduct examination of customer transactions, analyze and judge the rationality of customer transaction warning patterns when conducting the AML/CFT operation. Above facts were in violation of futures regulations.
5. Resulting fine: An administrative fine of NT$120,000 was imposed on KGI Futures in accordance with subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act.
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- Update： 2021-10-20
