Hong Kong's Securities and Futures Commission (SFC) published a notice that it restricts the licensed activities of the local forex broker IDS Forex HK. The company has no right to dispose of or deal with any assets held by it or held on behalf of its clients, and assist, counsel or procure another person to dispose of or deal with any such property, without the written consent of the regulator. The reason for this harsh decision is the fact that the company sole shareholder, Kim Sunghun, has been convicted of illegal fund-raising and fraud in Korea and the regulator suspects Kim has been using the broker for money laundering purposes.