Enforcement

Information on formal regulatory and enforcement actions taken by MAS for breaches of laws and regulations administered by MAS and related matters.

Overview

On 1 August 2016, MAS established a dedicated Enforcement Department within which MAS’ enforcement functions and capabilities are centralised. This was aimed at enhancing consistency and expertise in the enforcement functions across the banking, insurance, capital markets and other sectors regulated by MAS.

Key Facts

Based on figures from Enforcement Report 2017/2018.

MAS is resolved to ensure that Singapore remains a clean and trusted financial centre.

Enforcement Approach

MAS’ enforcement approach has three aims:

  • Early detection of misconduct and breaches of laws. 
  • Effective deterrence.
  • Shaping business and market conduct. 

Our Enforcement Monograph (875.7 KB) 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, highlight key outcomes and outline priorities for the future. The report is published once every 18 months.

View document: Enforcement Report 2017/2018 (1.35 MB)

Enforcement Actions

View the list of formal regulatory and enforcement actions taken by MAS for breaches of laws and regulations administered by MAS and related matters.

View enforcement actions

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