Banking and Finance

Colluding staff solicit or accept advantages from customers or intermediaries for facilitating account opening (e.g. expediting the process, skipping certain checks, or waiving fees). 

Compromised bank staff solicit or accept advantages from customers or intermediaries for conniving at the submission of false information or supporting documents (e.g. income proof, employment records, or misrepresentation that the customer has arrived in Hong Kong for account opening) to the bank. 

Dishonest staff solicit or accept advantages from customers or intermediaries for assisting them in opening accounts for money laundering or other illicit activities.

Compromised bank staff solicit or accept advantages from customers for approving unqualified loans or credit facilities. 

Compromised bank staff solicit or accept advantages for expediting loan applications, offering more favourable terms, or extending loan repayment schedules. 

Colluding bank staff solicit or accept advantages from intermediaries as a reward for assisting their customers in applying for government-guaranteed financing schemes. 

Compromised bank staff accept advantages from loan applicants for preparing favourable site inspection or assessment reports. 

Dishonest bank staff conspire with intermediaries (e.g. mortgage referral agent) to submit documents containing false information to deceive banks for obtaining ineligible commissions.

Colluding staff solicit or accept illegal rebates as a reward for promoting the investment or insurance products of, and referring or diverting customers to other banks or financial institutions. 

Unscrupulous bank staff deceive customers into taking out insurance policies for personal gain (e.g. sharing commissions with an insurance agent). 

Dishonest staff submit application or instruction documents for investment or insurance products containing false information to deceive the banks or financial institutions for personal gain (e.g. earning ineligible commissions).

Unscrupulous staff solicit bonuses or commissions from clients for managing the clients’ investment portfolios. 

Compromised staff accept advantages for favouring particular clients in the allotment or distribution of shares. 

Unscrupulous staff solicit or accept advantages for giving priority to the handling of customers’ transactions or providing privileged investment advice. 

Dishonest staff perform unauthorised transactions for customers and conceal them by furnishing false records (e.g. monthly statements). 

Financial analysts accept advantages for preparing and publishing favourable research or valuation reports on particular stocks.

Unscrupulous staff furnish false information to facilitate the realisation of funds under credit facilities. 

Unscrupulous staff use bogus instruction notes or documents to embezzle funds from clients’ bank accounts. 

Securities brokers misappropriate clients’ shares. 

Company directors deceive other to obtain sub-underwriting commissions in connection with rights issue, open offers or share placement exercises.