Posted inRegulation

Former DBS VP banned by SFC

Hong Kong’s regulator has slapped a six-year ban on Ko Shu Chuan for using a fake academic degree to get employed.

The Securities and Futures Commission has prohibited Ko from re-entering the industry for six years from 15 October 2015 to 14 October 2021.

The regulator said in a statement that Ko, a former vice president of DBS Bank in Hong Kong, “fabricated a Bachelor of Economics degree certificate purportedly issued by Tamkang University in Taiwan.

“Ko made false representations about her academic qualifications and provided a fake degree certificate to DBSHK for the purpose of obtaining employment in 2012.”

DBS Hong Kong dismissed her after she admitted the degree was fake. She had fabricated it using her sister’s certificate, the SFC reported.

“The SFC considers Ko’s conduct to be plainly dishonest and it casts serious doubts on her competency, character and reliability as a licensed person. The SFC has reported Ko’s conduct to the police.”

Ko was registered as a relevant individual of DBS Hong Kong between 31 May 2012 and 27 September 2012 to deal in and advise on securities. She is currently not licensed by the SFC or registered with the Hong Kong Monetary Authority.

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