Singapore, 25 September 2026… The Monetary Authority of Singapore (MAS) has issued Prohibition Orders (POs) under the Financial Services and Markets Act 2022 (FSMA) against Ms Goh Hui Bin and Mr Vijendren S/O Tanapal, both former representatives of DBS Bank Ltd (DBS), who were convicted of forgery offences. MAS has issued a 5-year PO against Ms Goh Hui Bin and a 4-year PO against Mr Vijendren S/O Tanapal.
Goh Hui Bin (Goh)
2 Goh, a Business Branch Manager, supervised a team of sales representatives who were tasked to sell financial and insurance products to customers. Between September 2019 to January 2021, Goh fraudulently altered bank statements and submitted them as supporting documents for the insurance policy applications of 21 customers. These customers would otherwise have been unable to meet the product eligibility requirements for the policy. Goh did this to meet her team’s monthly sales targets.
3 On 17 June 2025, Goh was convicted of one count of forgery under the Penal Code (PC). Another two counts of forgery under the PC were taken into consideration for the purpose of the sentencing. Goh was sentenced to 7 weeks’ imprisonment.
Vijendren S/O Tapanal (Vijendren)
4 In an unrelated case, between May and October 2017, Vijendren, a sales representative tasked to sell insurance policies, fraudulently altered six bank statements before submitting them to the insurer as supporting documents for insurance policy applications of his customers. These customers would otherwise have been unable to meet the product eligibility requirements for the policy. Additionally, Vijendren also misrepresented the insurer’s minimum residency requirement to his customers, to induce them to apply for the insurance policies. Vijendren did this to meet his sales targets.
5 On 9 April 2026, Vijendren was convicted of two counts of forgery under the PC. Another four chargesThree counts of forgery and one count of using as genuine a forged document under the PC. were taken into consideration for the purpose of the sentencing. Vijendren was sentenced to 7 weeks’ imprisonment.
6 In view of their offences, MAS is satisfied that Goh and Vijendren are not fit and proper persons, in accordance with the Guidelines on Fit and Proper Criteria under section 7 of the FSMA.
7 Under the POs, effective 3 July 2026 and 21 September 2026 respectively, Goh is prohibited for 5 years and Vijendren for 4 years, from carrying on or providing any MAS regulated or authorised activity or businessAs defined in section 2 of the FSMA., from participating (directly or indirectly) in the management of any financial institution, and from acting as a director, partner or manager of any financial institutionAs defined in section 2 of the FSMA.. They are also prohibited from becoming, or increasing their interest as a substantial shareholder of any financial institution that is a corporation. Supervisors who engage in misconduct can expect more severe sanctions, as reflected in the longer prohibition order issued to Goh.
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