20
Prohibition orders
Warnings
Based on figures from Enforcement Report 2020/2021.
- Ravi Menon, Managing Director, MAS
MAS Sets Up Dedicated Departments to Combat Money Laundering and Strengthen Enforcement
MAS’ enforcement approach has three aims:
Our Enforcement Monograph (1.29 MB) sets out more information on the approach that MAS takes towards enforcement, the role that enforcement plays in financial industry oversight and MAS’ enforcement powers and strategy.
Our Enforcement Report builds on the monograph. It provides updates on enforcement matters in the financial markets, highlights key outcomes and outlines priorities for the future. The report is published once every 18 months.
View latest Report: Enforcement Report 2020/2021 (2.07 MB)
View past Reports:
View the list of formal regulatory and enforcement actions taken by MAS for breaches of laws and regulations administered by MAS and related matters.
Please refer to Section 7 of our Enforcement Monograph for more information about MAS' approach to making public statements on investigations.
Singapore, 08 September 2022… Five former remisiers have been convicted and sentenced to imprisonment terms and fines for false trading in the shares of 55 securities listed on the Mainboard and Catalist of the Singapore Exchange, over 85 occasions between 9 March 2015 and 12 April 2016. 2 On 4 May 2022, Mr Lim Ming...
Singapore, 9 February 2022… Mr Goh Jia Poh, Kenneth was charged today for offences under the Securities and Futures Act (SFA). 2 Mr Goh is accused of making false statements in two Telegram chat groups to induce others to trade in multiple securities listed on the Mainboard or the Catalist of the Singapore Exchange...
Singapore, 6 October 2021… The Monetary Authority of Singapore (MAS) has issued 4-year prohibition orders (PO) against Mr Lee Chengyi, Adrian, a former representative of Aviva Financial Advisers Pte Ltd, following his conviction for carrying on fund management without a capital markets services licence. 2 Mr Lee is...
Singapore, 5 May 2021… The Monetary Authority of Singapore (MAS) has issued a 2-year prohibition order (PO) against Mr Lim Chew Keat, a former insurance agent of Synergy Financial Advisers Pte Ltd (Synergy FA) for making false and misleading statements to his client. 2 Mr Lim is prohibited from providing any financial...
Mr Wong Leon Keat was sentenced to a total of eight weeks’ imprisonment and a fine of $30,000 for false trading and deceiving a brokerage firm while trading in the shares of Gaylin Holdings Limited.
