AFRC takes first ever disciplinary actions against multiple practice units for non-compliance with anti-money laundering requirements and imposes fines totalling HK$290,000

5 Mar, 2026

The AFRC has, in three separate cases, sanctioned the following audit firms and practitioners for failing to comply with the Guidelines on Anti-Money Laundering and Counter-Terrorist Financing for Professional Accountants, which form part of the Code of Ethics for Professional Accountants:

(i) Prism Hong Kong Limited (Prism);

(ii) Mr Wong Ka Chun (Wong); and

(iii) Danny Ho & Company (DH&C) and Mr Ho Oi Suen, Danny (Ho).

The AFRC has issued a public reprimand to each of Prism, Wong, DH&C and Ho and imposed pecuniary penalties of HK$150,000 for Prism, HK$70,000 for Wong, and HK$70,000 for DH&C and Ho.

For details, please click here.

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