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.

08 September 2022 Mr Lim Ming Chit, Mr Alan Lee, Mr Chew Wei Zhan, Mr Lee Wei Kai, Mr Lim Ming Yi Criminal Prosecution Court Convicts Five Former Remisiers for False Trading
31 August 2022 UOB Kay Hian Private Limited Composition MAS Imposes Composition Penalty on UOB Kay Hian Private Limited
24 August 2022 Noble Group Limited (NGL) Civil Penalty Singapore Authorities Take Actions Against Noble Group Limited and Former Directors of Noble Resources International Pte Ltd
19 August 2022 Pan Qi Criminal Prosecution Trader charged for fraud and deceit under the Securities and Futures Act
18 August 2022 Chua Kah Boey Civil Penalty|Prohibition Order MAS Takes Civil Penalty Action and Issues Prohibition Orders against Former Trading Representative for False and Unauthorised Trading
15 July 2022 Lee Ying Hui Criminal Prosecution Court Convicts Ms Lee Ying Hui for Carrying on Fund Management without a Capital Markets Services Licence
08 July 2022 Go Choo Huat Composition MAS penalises Mr Go Choo Huat for carrying out money-changing and remittance businesses without valid licences
30 June 2022 Three Arrows Capital Reprimand MAS Reprimands Three Arrows Capital for Providing False Information and Exceeding Assets Under Management Threshold
28 June 2022 Lee Ying Hui Criminal Prosecution Individual charged for carrying on fund management without a capital markets services licence
10 June 2022 Tan Chee Keong Criminal Prosecution Court Convicts Former Chief Financial Officer of SGX-listed Company for Insider Trading and Acquiring Benefits from Criminal Conduct
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