HKMA alerts public about unauthorized banking activities by Blackridge Partners Ltd.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority ("HKMA") has publicly issued a warning concerning Blackridge Partners Ltd., advising that the company lacks authorization to engage in banking activities or to accept deposits within Hong Kong. Furthermore, the HKMA clarifies that Blackridge Partners Ltd. is not permitted to establish a representative office in Hong Kong under the Banking Ordinance. It is advised that individuals verify the authorization of any entity offering banking services or soliciting deposits to ensure compliance with regulatory requirements prior to any transactions. For verification purposes, the public is encouraged to consult the HKMA website or contact their public enquiry service.
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