failure to order or act according to the duties as aresult, between November 4, 2022 and May 18, 2023, Asia Wealth as a securities broker, incomplete separation of customer assets The client’s assets are
assets The client’s assets are used for the benefit of the Asia Wealth, In addition, the securities broker failed to the inefficient system for maintaining customers’ assets. SEC Act S.283 Settlement
adequate information for customers’ risk assessment (Know Your Customer and Customer Due Diligence system (KYC/CDD)). DAB Act S.30 Settlement Committee Meeting No. 3/2025 Settlement Committee Order No. 4
procedures as specified in the notification of the Securities and Exchange Commission. In this regard, Merkle’s 11 bank accounts used to deposit customer cash were under the company's name without the
Mr. Jen Wei Fong Mr. Jen Wei Fong, a Chief Experience Officer of a digital asset broker called Bitazza Company Limited ("Bitazza"), was responsible for the operation of Know Your Customer
bank accounts used to deposit customer cash were under the company's name without the word “for customer”. Accordingly, it was not clearly indicated that the accounts are held by the company for the
offence committed by Zipmex concerning the case that between July 20, 2022 to August 25, 2022, Zipmex suspended the service of depositing and withdrawing customer's assets in Trade wallet and Z-wallet
connected to the internet when conducting transactions only (cold wallet) less than 90 percent of the customer's total digital asset value and did not deposit customers' digital assets with digital
deficiencies in CL's system for overseeing the outsourcing of an assigned freelancer for introducing customer list. CL failed to supervise the performance of the freelancer in accordance with the assigned