Hong Kong Police and Securities and Futures Commission sign MoU to strengthen co-operation in combating financial crime

     The Hong Kong Police (HKP) and the Securities and Futures Commission (SFC) today (August 25) entered into a Memorandum of Understanding (MoU) to formalise and further strengthen co-operation in combating financial crime.

     The Hong Kong Special Administrative Region is a major international financial centre. It is important to maintain the integrity of Hong Kong’s securities and futures markets.

     The HKP and the SFC have a mutual interest and respective duties in combating crimes and illicit activities relating to the securities and futures industry in Hong Kong. Strengthening the collaboration between the two parties will enhance their overall effectiveness in dealing with wrongdoings in the industry.

     The MoU was signed by the Assistant Commissioner of Police (Crime), Mr Chung Siu-yeung, and the SFC’s Executive Director of Enforcement, Mr Thomas Atkinson.

     Mr Chung recognised the importance in enhancing collaboration between the HKP and the SFC.

     “This MoU represents a milestone in our co-operation that forges an even closer partnership between the two organisations in combating crimes and illicit activities in the securities and futures markets,” said Mr Chung.

     “Close collaboration with the HKP allows the SFC to discharge its regulatory functions with greater efficiency and effectiveness. We have always valued the support provided by the HKP and we look forward to even closer collaboration with them,” Mr Atkinson said.

     The MoU covers a range of matters including referral of cases, joint investigations, exchange and use of information, mutual provision of investigative assistance, and establishes a framework for closer collaboration on policy, operational and training issues.

Ends/Friday, August 25, 2017
Issued at HKT 18:31