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.

22 July 2021 Tan Chee Keong, Tay Yew Khem, Hui Choy Leng Criminal Prosecution Three individuals charged in relation to insider trading
05 July 2021 Suzannah Khoo Lee Sun Prohibition Order MAS issues Prohibition Orders against Ms Suzannah Khoo Lee Sun for dishonest conduct
15 June 2021 AIA Financial Advisers Private Limited (AIA FA), Prudential Assurance Company Singapore (Pte) Limited (Prudential), Aviva Ltd (Aviva), Aviva Financial Advisers Pte Ltd (Aviva FA) and Mr Peter Tan Shou Yi Reprimand MAS Reprimands AIA Financial Advisers, Prudential, and Two Aviva Entities
03 June 2021 Mr Younis Adnan Mohammed Prohibition Order MAS issues Prohibition Orders against Mr Younis Adnan Mohammed for fraud and dishonest conduct
07 May 2021 Mr Ahmadnawar Bin Abd Karim Prohibition Order MAS issues Prohibition Order against Mr Ahmadnawar Bin Abd Karim for dishonest conduct
05 May 2021 Lim Chew Keat Prohibition Order MAS bans Lim Chew Keat for making false and misleading statements
14 April 2021 Bank J. Safra Sarasin Ltd, Singapore Branch (BJS) Composition MAS Imposes Composition Penalty of S$1 million on Bank J. Safra Sarasin Ltd, Singapore Branch for AML/CFT Failures
08 April 2021 Mr Goh Jia Poh, Kenneth Criminal Prosecution Person charged for false trading and unauthorised use of trading accounts under the Securities and Futures Act
31 March 2021 Chen Zhihao Samuel, Wong Tuck Wai Raymond Criminal Prosecution Two individuals charged for offences under the Central Provident Fund Act
23 March 2021 Tang Boon Hai Criminal Prosecution Person charged for offences under the Securities and Futures Act
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