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.

19 March 2020 TMF Trustees Singapore Limited (TTSL) Composition MAS Imposes Composition Penalty of $400,000 on TMF Trustees Singapore Limited for AML/CFT Failures
19 March 2020 Poh Kim Chuan, Chew Kheng Swee, Yap Bin Chun, Lin Weiwen, William, Kelvin Goh Shang Fei, Lam Allan Prohibition Order MAS bans six individuals for fraud and dishonest conduct
25 February 2020 Wong Leon Keat Criminal Prosecution Former Director charged for offences under the Securities and Futures Act and Penal Code
17 January 2020 Lim Soon Fang First civil penalty enforcement action for failure to disclose shareholding interests
12 December 2019 CT Bright Investment Pte. Ltd. Revocation/Suspension of Regulatory Status MAS Revokes the Capital Markets Services Licence of CT Bright Investment Pte. Ltd.
25 November 2019 Joseph Chai Ming Leong Criminal Prosecution Former Director Convicted of Furnishing False Statement to the SGX-DT
14 November 2019 UBS AG (UBS) Civil Penalty MAS Imposes Civil Penalty of $11.2 million on UBS for Deceptive Trades by its Client Advisors
22 October 2019 Lim Eng Jue, Lau Wan Heng, Ang Wei Jie Simon, Chong Yew Mun Alan, Yeo An Lun, Koh Cheo Leng, Goh Qi Rui Rayson, Teo Boon Cheang Criminal Prosecution Eight individuals charged for offences under the Securities and Futures Act
11 October 2019 Teh Chin Hong @ Edwin Teh, Ng Wei Ling, Aloysius Zephaniah Lim Bing Hong, Joseph Michael Prohibition Order MAS bans four individuals for engaging in fraudulent and dishonest conduct
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
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