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. 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.

14 August 2019 Leong Chee Wai, E Seck Peng Simon, Toh Chew Leong Prohibition Order MAS issues Prohibition Orders against three individuals following their conviction for insider trading
10 July 2019 Leong Chee Wai, E Seck Peng Simon, Toh Chew Leong Criminal Prosecution Court Convicts Three Individuals for Insider Trading and Orders Forfeiture of Criminal Proceeds
21 June 2019 International Financial Services (S) Pte. Ltd. (IFS) Revocation/Suspension of Regulatory Status MAS Revokes the Financial Adviser’s Licence of International Financial Services (S) Pte. Ltd. for Failing to Comply with MAS’ Written Direction
17 June 2019 Paris Michele Prohibition Order MAS issues Prohibition Orders against Mr Paris Michele for dishonest conduct
04 June 2019 Tham Wai Mun Raphael Civil Penalty MAS Imposes Civil Penalty of $336,000 on Mr Tham Wai Mun Raphael for Insider Trading
09 May 2019 Jeremy Lee Seow Poh, Ong Eng Keong, Yap Chee Hoe Prohibition Order MAS issues Prohibition Orders against three individuals for dishonest conduct
12 April 2019 Tan Choon Wee Reprimand MAS Reprimands Mr Tan Choon Wee for the Omission of Information in an Application to MAS, and Failing to Discharge his Duty and Function as Chief Executive Officer and Director
10 April 2019 Emeline Tang Wei Leng, Nguyen Duy Minh, Koh Zhan Loong John Prohibition Order MAS bans three individuals for fraudulent and dishonest conduct
22 March 2019 Zheng Xuemei Prohibition Order Variation of Prohibition Orders against Ms Zheng Xuemei
19 December 2018 Tim Leissner Prohibition Order MAS Bans Tim Leissner for Life (Variation of Prohibition Order)
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