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 June 2022 Lee Ying Hui Criminal Prosecution Individual charged for carrying on fund management without a capital markets services licence
23 May 2022 Nancy Tan Mee Khim Prohibition Order MAS issues Prohibition Order Against Ms Nancy Tan Following Conviction for Dealing in Securities Without a Licence
19 May 2022 Yuen Pui Leng Eunice, Tan Zhen Zhi, Grace Criminal Prosecution Insurance agents charged for obstructing the course of justice, falsification of records and providing false information to MAS
11 May 2022 Tan Su Lan Civil Penalty MAS Imposes Civil Penalty on Mdm Tan Su Lan for False Trading
05 May 2022 Soh Chee Wen, Quah Su-Ling Criminal Prosecution Masterminds Behind The 2013 Penny Stocks Crash Convicted On Multiple Charges Of Market Manipulation And Cheating Of Financial Institutions
25 April 2022 Ngin Kim Choo, Yeo Jin Lui Civil Penalty|Prohibition Order MAS Takes Civil Penalty Action and Issues Prohibition Orders against Two Former Trading Representatives for False Trading
18 March 2022 Loh Thim Mun Marcus Prohibition Order MAS issues Prohibition Orders against Mr Loh Thim Mun Marcus for fraudulent and dishonest conduct
24 February 2022 Zeng Xuan Prohibition Order MAS issues Prohibition Order against Zeng Xuan for fraudulent and dishonest conduct
09 February 2022 Goh Jia Poh Criminal Prosecution Person charged for fraudulently inducing others to deal in shares
27 January 2022 Mr Liao Chun-Te Civil Penalty MAS obtains Civil Penalty Default Judgment against Mr Liao Chun-Te for Insider Trading