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.

18 April 2024 Gng Hoon Hong Prohibition Order MAS issues Prohibition Orders against Mr Gng Hoon Hong for Dishonest Conduct
27 March 2024 Tay Ming Hin Criminal Prosecution Person charged for false trading under the Securities and Futures Act
07 March 2024 Shim Wai Han, Doo Chun Ki, Tan Kay Siong Criminal Prosecution Former CEO and Directors of Envysion Wealth Management Pte Ltd charged
23 February 2024 Director and Compliance Manager of Samlit Moneychanger Pte. Ltd. Investigation Two Investigated for Suspected Fraudulent Trading and Suspected Failure to Comply with Obligations as a Licensed Payment Services Provider
28 December 2023 Credit Suisse AG Civil Penalty MAS Imposes Civil Penalty of $3.9 million on Credit Suisse AG for Misconduct by its Relationship Managers
19 October 2023 Tan Hongxiang, Jeremy, Tong Hui Zhi, Phua Shu Rong, Tan Yaosheng Kelvin, Wu Zhao Heng Victor Prohibition Order MAS Bans Four Former Representatives and One Other Individual for Unlawful Sub-Agency Activities
16 October 2023 Quek Puay Yi, Patricia, Huang Hsin Tian Silver Prohibition Order MAS issues Prohibition Orders against Ms Quek Puay Yi, Patricia and Ms Huang Hsin Tian Silver for Cheating
14 September 2023 Zhu Su, Kyle Livingston Davies Prohibition Order MAS issues Prohibition Orders against Three Arrows Capital’s Zhu Su and Kyle Livingston Davies
05 September 2023 Ng Chong Hwa (Roger Ng) Prohibition Order MAS Bans Mr Ng Chong Hwa for Life
19 July 2023 Huang Mengting Prohibition Order MAS issues Prohibition Orders against Ms Huang Mengting for Cheating