SFC Fines Database | Securities and Futures Commission Enforcement Actions
Track Securities and Futures Commission (SFC) fines and enforcement actions from 2020-2026. Current totals are loaded from the live evidence view. Complete database with stats, trends, and analysis.
Coverage Snapshot
- Regulator: Securities and Futures Commission
- Jurisdiction: Hong Kong
- Tracked period: 2020-2026
- Tracked actions: 242
- Latest tracked action: 2026-10-13
- Default currency: GBP
Use This Data
Open the live RegActions workspace to filter the source records, inspect related firms, compare breach themes, and export the evidence for compliance or board reporting.
Country risk report: Hong Kong →
Largest enforcement actions
| Firm or individual | Date | Amount | Breach category | Source |
|---|---|---|---|---|
| Goldman Sachs (Asia) L.L.C | 22 Oct 2020 | £271,000,000 | SFC reprimands and fines Goldman Sachs (Asia) L.L.C. US$350 million for serious regulatory failures over 1Malaysia Development Berhad’s bond offerings | Notice |
| Citigroup Global Markets Asia Limited | 28 Jan 2022 | £34,825,000 | SFC reprimands and fines Citigroup Global Markets Asia Limited $348.25 million for serious regulatory failures over client facilitation activities | Notice |
| Hang Seng Bank Limited | 27 Jan 2025 | £6,640,000 | SFC reprimands and fines Hang Seng Bank Limited $66.4 million for misconduct in selling practices of investment products | Notice |
| Guotai Junan Securities (Hong Kong) Limited | 22 Jun 2020 | £2,520,000 | SFC reprimands and fines Guotai Junan Securities (Hong Kong) Limited $25.2 million for breaches relating to anti-money laundering and other regulatory requirements | Notice |
| Deutsche Bank Aktiengesellschaft | 28 Aug 2025 | £2,380,000 | SFC reprimands and fines Deutsche Bank Aktiengesellschaft $23.8 million for regulatory breaches | Notice |
| Changjiang Corporate Finance (HK) Limited | 21 Aug 2023 | £2,000,000 | SFC fines Changjiang Corporate Finance (HK) Limited $20 million and suspends its licence for serious and extensive sponsor failures | Notice |
| BOCOM International Securities | 20 Apr 2020 | £1,960,000 | SFC reprimands and fines BOCOM International Securities $19.6 million for internal control failures | Notice |
| Lui Pak Tong | 24 Mar 2026 | £1,743,000 | SFC bans Lui Pak Tong for life and fines him $17.43 million for misconduct | Notice |
| UBS AG and UBS Securities Asia Limited | 3 Aug 2021 | £1,155,000 | SFC reprimands and fines UBS AG and UBS Securities Asia Limited $11.55 million for regulatory breaches | Notice |
| EFG Bank AG | 11 Dec 2025 | £1,085,000 | SFC reprimands and fines EFG Bank AG $10.85 million for regulatory breaches and internal control failures | Notice |
| Kylin International (HK) Co., Limited | 9 Feb 2026 | £900,000 | SFC reprimands and fines Kylin International (HK) Co., Limited $9 million for fund management failures | Notice |
| Xinhu International Futures (Hong Kong) Co., Limited | 9 Oct 2024 | £900,000 | SFC reprimands and fines Xinhu International Futures (Hong Kong) Co., Limited $9 million and suspends its former responsible officer Ngai Wai for nine months | Notice |
| Rifa Futures Limited | 25 Jul 2022 | £900,000 | SFC reprimands and fines Rifa Futures Limited $9 million for regulatory breaches | Notice |
| UBS AG | 20 Oct 2025 | £800,000 | SFC reprimands and fines UBS AG $8 million for professional investor misclassification | Notice |
| Instinet Pacific Limited | 8 Sep 2025 | £800,000 | SFC reprimands and fines Instinet Pacific Limited $8 million for failure to report cross trades to the Stock Exchange | Notice |
| Grand International Futures Co., Limited | 30 Dec 2021 | £800,000 | SFC reprimands and fines Grand International Futures Co., Limited $8 million and suspends its responsible officer for regulatory breaches | Notice |
| RBC Investment Services (Asia) Limited | 20 Jul 2022 | £770,000 | SFC reprimands and fines RBC Investment Services (Asia) Limited $7.7 million for mishandling client assets | Notice |
| Sino-Rich Securities & Futures Limited | 15 Mar 2021 | £720,000 | SFC reprimands and fines Sino-Rich Securities & Futures Limited $7.2 million for breaches of anti-money laundering regulatory requirements | Notice |
| Zheng Da International Financial Holding Limited | 29 Sep 2026 | £700,000 | SFC reprimands and fines Zheng Da International Financial Holding Limited $7 million and suspends its responsible officer for regulatory breaches | Notice |
| Mega International Commercial Bank Co., Ltd | 7 May 2020 | £700,000 | SFC reprimands and fines Mega International Commercial Bank Co., Ltd. $7 million for regulatory breaches over CIS sale | Notice |
Amounts are normalised to GBP for comparison.
Frequently asked questions
What is the largest SFC fine?
The largest SFC fine currently recorded by RegActions is £271,000,000, issued to Goldman Sachs (Asia) L.L.C on 22 Oct 2020 by the Securities and Futures Commission. This reflects amounts that have passed RegActions' amount-review gate; see the SFC fines database below for the complete, source-linked list.
How much has SFC fined in 2026?
RegActions records £5,633,000 in disclosed Securities and Futures Commission (SFC) monetary penalties in 2026, based on source-linked notices that have passed the amount-review gate. This excludes non-monetary actions such as prohibitions and public censures.
How many SFC penalties were issued in 2026?
RegActions has recorded 11 disclosed Securities and Futures Commission (SFC) monetary penalties in 2026 so far. This counts individual penalty notices, not firms, since some are fined more than once in a year.
How can I verify a SFC fine?
Start with the firm or individual name, the penalty date and the disclosed amount, then open the linked Securities and Futures Commission notice. The notice sets out the rule breaches, the affected period and the sanction. RegActions links every record to its official source; the regulator's own publication remains the authoritative record.