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.

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
20 August 2020 Alan Lee, Chew Wei Zhan, Lee Wei Kai, Lim Ming Yi, Lim Ming Chit Criminal Prosecution Five former remisiers charged for false trading under the Securities and Futures Act
19 August 2020 Aw Yong Seng, Chew Swee Sun Johnny Prohibition Order MAS bans two individuals for fraud and dishonest conduct
28 July 2020 Apical Asset Management Pte. Ltd Revocation/Suspension of Regulatory Status MAS revokes licence of Apical Asset Management Pte. Ltd for AML/CFT breaches, reprimands its CEO and Board
22 July 2020 Asiaciti Trust Singapore Pte Ltd (ATSPL) Composition MAS Imposes Composition Penalty of $1,100,000 on Asiaciti Trust Singapore Pte Ltd for AML/CFT Failures
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