HKMA suspends banker for signature forgery on deposit form

He photocopied a customer's signature on a time deposit application form.

The Hong Kong Monetary Authority has suspended LI Shek Tang’s registration under the Banking Ordinance for misconduct, effective from 4 September 2024 to 3 June 2025.

An investigation revealed that in March 2023, LI photocopied a customer’s signature on a time deposit application form, falsely presenting it to his employing bank as an original signature.

Whilst LI did not act during the course of carrying on a regulated activity under the Securities and Futures Ordinance, it called into question his ability to proceed with integrity and honesty.

The authorities deemed that LI is not fit to be a relevant individual under the ordinance as well as the “Fit and Prope Guidelines” issued by the Securities and Futures Commission.