AFRC reprimands Wu Kam Shing for CPA misconduct and imposes pecuniary penalty of HK$200,000 following insider dealing determination

27 Jun, 2025

The Accounting and Financial Reporting Council (AFRC) has sanctioned Mr Wu Kam Shing (Wu) for CPA misconduct, following a determination of insider dealing by the Market Misconduct Tribunal. The AFRC found that Wu committed professional irregularities by breaching the principles of integrity and professional behavior under the Code of Ethics for Professional Accountants. The AFRC also found Wu guilty of dishonourable conduct. The AFRC has therefore (a) issued a public reprimand to Wu, (b) imposed a pecuniary penalty of HK$200,000, and (c) ordered Wu to pay the AFRC’s investigation costs.

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