HONG KONG, Sept 21 Hong Kong securities
regulator said on Wednesday it was investigating licensed
brokerages and expected to lodge cases against some for
inadequate internal anti-money laundering controls.
The Securities and Futures Commission (SFC) directed
brokerages to immediately tighten their internal controls to
comply with anti-money laundering rules that came into force in
SFC's onsite inspections and investigations revealed a
number of shortcomings including failure to scrutinise cash and
third-party deposits into customers accounts, it added.
(Reporting by Elzio Barreto and Denny Thomas; Editing by Simon