The Monetary Authority of Singapore has imposed $11.7 million in civil penalties and secured the criminal convictions of nine individuals for market misconduct or related offences from Jan 2019 to Jun 2020.

This was revealed in its 2019-2020 Enforcement Report released on Nov 4. The report also added that MAS imposed $3.3 million in composition penalties for money laundering-related control breaches, and issued 25 prohibition orders against unfit representatives.

 See also: MAS discontinues $1,000 notes to pre-empt money laundering and terrorism financing risks

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