The company was fined HK$875K by the Hong Kong Monetary Authority, in an effort to send a strong warning to the industry 

WeChat Pay HK was fined HK$875,000 by the Hong Kong Monetary Authority (HKMA) due to breaches in anti-money laundering (AML) and counter-financing terrorism (CTF) laws.

With this fine, the HKMA is sending a strong message to the industry that it is taking AML / CTF risk mitigation measures seriously. The authority did take into account WeChat Pay’s remedial measures and its cooperation with the investigation.