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.

28 December 2022 Soh Chee Wen (John Soh), Quah Su-Ling Criminal Prosecution Masterminds Behind Singapore's Largest Stock Market Manipulation Jailed
19 December 2022 Mr Goh Jia Poh, Kenneth Criminal Prosecution Court convicts Kenneth Goh Jia Poh for multiple offences under the Securities and Futures Act
14 December 2022 Mr Selvarajulu S/O Subramaniam Prohibition Order MAS issues Prohibition Orders against Mr Selvarajulu S/O Subramaniam for cheating
07 December 2022 Mr Han Delong Prohibition Order MAS issues Prohibition Order against Mr Han Delong for fraudulent and dishonest conduct
17 November 2022 Lum Ooi Lin, Cho Wee Peng, Teo Kiang Kok, Gay Chee Chong, Murugasu Christopher, Rajskar Kuppuswami Mitta Criminal Prosecution Former CEO, CFO and Independent Directors of Hyflux Ltd charged with offences under the Securities and Futures Act and the Companies Act
10 October 2022 Mr Raj Sriram Prohibition Order MAS and SPF take action against former BSI Bank Deputy CEO Raj Sriram
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