The Monetary Authority of Singapore (MAS) has issued lifetime prohibition orders (POs) against Ng Chong Hwa, also known as Roger Ng, a former managing director of Goldman Sachs (Singapore). In a statement on 6 September, the city state regulator said the bans were issued following Ng's conviction in the United States for conspiracy to launder monies embezzled from 1Malaysia Development Berhad (1MDB), and violation of the United States' Foreign Corrupt Practices Act (FCPA). Under the POs, which took effect from 5 September 2023, Ng is permanently prohibited from performing any regulate...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
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
