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- MAS
- Media Releases
Last revised date:
- Singapore, 1 October 2021…The Monetary Authority of Singapore (MAS) announced today that it will introduce a digital platform and enabling regulatory framework for financial institutions (FIs) to share with one another relevant information on customers and transactions to prevent money laundering (ML), terrorism financing (TF) and proliferation financing (PF) PF refers to the raising, moving or making available of financing, funds, assets or other economic resources to individuals or entities to
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 14 October 2015 The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Vincent Rajiv Louis for insider trading in the shares of PT Bank Danamon (Danamon) under the Securities and Futures Act (SFA). 2 Mr Rajiv was a Managing Director at UBS AG, Indonesian Branch, and was the Head of its Investment Banking operations when the contravention occurred. On 30 March 2012, Mr Rajiv, who resides in Indonesia, bought one million Danamon shares through his
- MAS
- Media Releases
Last revised date:
- Singapore, 1 October 2021…The Monetary Authority of Singapore (MAS) announced today that it will introduce a digital platform and enabling regulatory framework for financial institutions (FIs) to share with one another relevant information on customers and transactions to prevent money laundering (ML), terrorism financing (TF) and proliferation financing (PF) PF refers to the raising, moving or making available of financing, funds, assets or other economic resources to individuals or entities to
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 16 March 2020 … The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $400,000 on TMF Trustees Singapore Limited (TTSL) for failure to comply with MAS’ Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements. These failures were identified following an inspection by MAS. TTSL has paid the composition penalty in full and taken prompt remedial actions. 2 MAS found that, between June 2011 to April 2018, TTSL had failed to comply
- MAS
- Media Releases
Last revised date:
- Singapore, 14 October 2015… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Vincent Rajiv Louis for insider trading in the shares of PT Bank Danamon (Danamon) under the Securities and Futures Act (SFA). 2 Mr Rajiv was a Managing Director at UBS AG, Indonesian Branch, and was the Head of its Investment Banking operations when the contravention occurred. On 30 March 2012, Mr Rajiv, who resides in Indonesia, bought one million Danamon shares through his wife’s
- MAS
- Media Releases
Last revised date:
- Singapore, 3 October 2013… The Monetary Authority of Singapore (MAS) has obtained a default judgment for $100,000 against Mr Ong Beng Hock for contravening sections 197 and 198 of the Securities and Futures Act (SFA), which prohibit false trading and market manipulation respectively. 2 On 29 December 2006 and 26 April 2007, Mr Ong executed a total of 12 wash trades in two of his trading accounts. These were purchases and sales of shares of Ipco International Ltd and Goldtron Ltd which did not involve
- SSO
- Legislation
Last revised date:
- Procedure for giving of directions and imposing of financial penalty 48K. —(1) Before giving any direction under section 48I or imposing a financial penalty under section 48J(1), the Commission must give written notice to the organisation or person concerned — ( a ) stating that the Commission intends to take action against the organisation or person under section 48I or 48J(1), as the case may be; ( b ) where the Commission intends to give any direction under section 48I, specifying the direction
- MAS
- Consultations
Last revised date:
- Proposals to improve the readability of prospectuses. Response VIEW DOCUMENT Response to Feedback Received - Public Consultation on Guidelines on Good Drafting Practices for Prospectuses (279.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Guidelines on Good Drafting Practices for Prospectuses (127.6 KB) 1 RESPONSE TO FEEDBACK RECEIVED PUBLIC CONSULTATION ON GUIDELINES ON GOOD DRAFTING PRACTICES FOR PROSPECTUSES 1 INTRODUCTION 1.1 On 5 February 2015, MAS
- MAS
- Media Releases
Last revised date:
- Singapore, 30 Apr 2004...The Monetary Authority of Singapore (MAS) today announced that it will introduce $10 polymer portrait notes into circulation on 4 May 2004. To preserve public familiarity and minimise modifications to note handling machines, the design of the new polymer notes is similar to the current $10 paper portrait notes except for a few changes to incorporate security features unique to polymer technology. MAS will continue to issue the current $10 paper notes as part of a phased
- MAS
- Media Releases
Last revised date:
- Singapore, 1 November2017… The Monetary Authority of Singapore (MAS) has successfully obtained higher civil penalties against Mr Wang Boon Heng (Wang) and Ms Foo Jee Chin (Foo) for contravening section 201(b) of the Securities and Futures Act (SFA), which prohibits any conduct that operates as a fraud or deception in connection with the subscription, purchase or sale of securities. 2 At the material times, Wang, then an undischarged bankrupt, had conducted share trading for his own benefit, in