MAS bans two bankers for fraud

Pedro Gonçalves
clock
MAS bans two bankers for fraud

The Monetary Authority of Singapore has issued prohibition orders against two former bank employees for fraud and dishonest conduct.  The orders, issued to Lu Chor Sheng and Tan Swee Thiam Timothy, took effect from Thursday. The cases were unrelated and both have been convicted in the State Courts, MAS added. Lu and Tan, who received 17 and nine years respectively, are prohibited from performing any regulated activity under the Securities and Futures Act (SFA) and from providing any fin...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login