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.

The information will remain on this page for five years from the date of publication, except for prohibition orders which are still in force after five years. Such prohibition orders will remain on this page until they stop being in force. With effect from 1 April 2021, prohibition orders of duration of less than five years will be published only on this page and not on the News page, unless publication on the News page is assessed to be appropriate for reasons of public interest. A financial institution or its agent may, as part of background checks, obtain from MAS records (if any) of prohibition orders previously issued against a person, upon payment of a fee.
19 October 2023 Tan Hongxiang, Jeremy, Tong Hui Zhi, Phua Shu Rong, Tan Yaosheng Kelvin, Wu Zhao Heng Victor Prohibition Order MAS Bans Four Former Representatives and One Other Individual for Unlawful Sub-Agency Activities
16 October 2023 Quek Puay Yi, Patricia, Huang Hsin Tian Silver Prohibition Order MAS issues Prohibition Orders against Ms Quek Puay Yi, Patricia and Ms Huang Hsin Tian Silver for Cheating
14 September 2023 Zhu Su, Kyle Livingston Davies Prohibition Order MAS issues Prohibition Orders against Three Arrows Capital’s Zhu Su and Kyle Livingston Davies
05 September 2023 Ng Chong Hwa (Roger Ng) Prohibition Order MAS Bans Mr Ng Chong Hwa for Life
19 July 2023 Huang Mengting Prohibition Order MAS issues Prohibition Orders against Ms Huang Mengting for Cheating
13 July 2023 Mr Ang Wei Jie Simon, Ms Koh Cheo Leng, Mr Lin Eng Jue and Mr Chong Yew Mun Alan Criminal Prosecution Four Individuals Sentenced to Imprisonment for False Trading and Deceit under the Securities and Futures Act
21 June 2023 Citibank, DBS, OCBC and Swiss Life Composition MAS Penalises 3 Banks and an Insurer for Breaches of Anti-Money Laundering Requirements
01 June 2023 Mr Chan Jun Yi, Ms Chanel Quah Hui Wen, Mr Lim Zhan Yi, Ms Sherlin Chia Hee Ping, Mr Tang Hong Kong Jackie and Ms Yvonne Quah Prohibition Order MAS issues Prohibition Orders against six individuals for fraudulent and dishonest conduct
30 May 2023 Madison Lin Prohibition Order MAS issues Prohibition Orders against Ms Madison Lin following conviction for forgery
23 May 2023 Yeo Siew Liang James Prohibition Order MAS issues Prohibition Order against Yeo Siew Liang James for Corruption
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