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.

03 March 2021 Ms Lau Wan Heng, Mr Yeo An Lun, Mr Goh Qi Rui Rayson, Mr Teo Boon Cheang Prohibition Order MAS bans four individuals for market misconduct
24 February 2021 Mr Lau Man Chun Prohibition Order MAS bans former representative of insurance broker for dishonest conduct
01 February 2021 Investigation Singapore Police Force and MAS investigate companies under CoAssets Group
02 December 2020 Chong Yoon Loi, Suresh Kannan Prohibition Order MAS bans two former insurance agents for dishonest conduct
30 October 2020 Lu Chor Sheng,Tan Swee Thiam Timothy Prohibition Order MAS bans two individuals for fraud and dishonest conduct
29 October 2020 Tan Kheng Yeow, Tan Chun Yong Criminal Prosecution Two individuals charged for offences under the Securities and Futures Act and Penal Code
23 October 2020 Mr Kevin Michael Swampillai Prohibition Order MAS Bans Kevin Michael Swampillai for Life
23 October 2020 Goldman Sachs (Singapore) Pte Incorrect Media Reporting of Action Against Goldman Sachs (Singapore) Pte
23 October 2020 Goldman Sachs (Singapore) Pte. AGC, CAD and MAS take action against Goldman Sachs (Singapore) Pte. on 1MDB bond offerings
22 October 2020 Sun Weiyeh Criminal Prosecution Former fund manager charged for acts likely to defraud investors