Home News Regulatory Action

MAS slaps bans on 4 individuals for up to 9 years for fraudulent, dishonest conduct

Stanislaus Jude Chan
Stanislaus Jude Chan10/11/2019 02:55 PM GMT+08  • 3 min read
MAS slaps bans on 4 individuals for up to 9 years for fraudulent, dishonest conduct
SINGAPORE (Oct 11): The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 11): The Monetary Authority of Singapore (MAS) has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct.

Following their convictions in the State Courts of Singapore for offences involving fraud and dishonesty, MAS has banned the individuals from providing financial advisory services, or taking part in the management of any financial advisory firm under the Financial Advisers Act (FAA).

This includes acting as a director or becoming a substantial shareholder of any financial advisory firm.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now