prohibition orders (POs)

Zest

MAS bans former AXA and Aviva representatives and one other person for unlawful sub-agency activities

Of the five, four of them were former representatives with AXA Insurance and Aviva Financial Advisers.

Zest

MAS slaps prohibition orders against former insurance agents for cheating

The agents were previously with AIA and Professional Investment Advisory Services.

Regulatory Action

MAS imposes 5-year prohibition order on 6 former Great Eastern agents

They reduced their income taxes by $124,6481 for the 2018 and 2019 years of assessment.

Financially Savvy

Insurance agent receives PO from financial advisory services for cheating

Former Great Eastern representative Selvarajulu Subramaniam was convicted of four counts of cheating in 2021.

Zest

Convicted bank relationship manager slapped with 15-year prohibition order

Han was sentenced to seven years’ imprisonment.

Zest

MAS slaps 10-year prohibition orders against former DBS wealth planning manager

The former wealth planning manager, Marcus Loh, had deceived seven clients into transferring $490,000 to his personal bank account

Zest

Former OCBC rep slapped with five-year prohibition order by MAS for fraud and dishonesty

The PO comes after Zeng’s conviction in the state courts involving fraud and dishonesty.
MAS bans three former remisiers and one former financial advisor for false trading in Koyo International - THE EDGE SINGAPORE

Company in the news

MAS bans three former remisiers and one former financial advisor for false trading in Koyo International

The four persons are among the eight individuals charged for offences related to false trading in the shares of Koyo International

Company in the news

MAS bans former insurance agent and former bank employee for fraud and dishonest conduct

The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against Aw Yong Seng, a former representative of Prudential Assurance Company Singapore and Chew Swee Sun Johnny, a former representative of the Bank of Singapore.

Update

UOB, Credit Suisse fined a total of $1.6 mil for 1MDB-linked transactions; former Falcon & BSI employees issued prohibition orders: Update

SINGAPORE (May 30): The Monetary Authority of Singapore (MAS) is imposing a total of $1.6 million in financial penalties on Credit Suisse and United Overseas Bank (UOB), having completed its two-year review of banks involved in the transactions related to
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