Former HK bank employee banned from industry

Man found guilty of forging customer’s signatures on insurance forms

Insurance News

By Gabriel Olano

The Securities and Futures Commission (SFC) in Hong Kong has handed a former employee of Hang Seng Bank a three-year ban, preventing him from gaining employment in the industry for the said duration.
William Wong Yick Lok was banned by the SFC as a result of his forgery conviction. The penalty will expire on September 29, 2019. The Hong Kong Monetary Authority had referred the case to the SFC for action.
“The SFC considers that Wong is not a fit and proper person to be licensed or registered to carry on regulated activities as a result of his conviction,” said the commission in a statement
Wong was sentenced to 140 hours of community service by the Fanling Magistrates’ Court on December 10, 2015, having been found guilty of two counts of forgery. The court found him guilty of forging a client’s signatures on an insurance application form and a policy cancellation form. During his tenure at Hang Seng, Wong was responsible for promoting insurance products to the bank’s clients.

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