MAS Reprimands AIA Financial Advisers, Prudential, and Two Aviva Entities
On 15th June 2021, Monetary Authority of Singapore (MAS) reprimanded several large financial institutions in the insurance and financial advisory sector for breaches relating to risk management arrangements and remuneration of supervisors. AIA Financial Adviser,...
MAS proposes to mandate reference checks
The Monetary Authority of Singapore (“MAS”) released a consultation paper on 17 May 2021 inviting the public to comment on proposals to mandate reference checks for both representatives of financial institutions and other employees of financial institutions. Current...
We’ve Moved to a New Office Location
We are excited to announce that our team has moved to a new office location. Our new office address is: 6 Raffles Quay, #14-07, Singapore 048580. The new and larger office space allows us to serve our customers better. If you have any questions about the relocation,...
Disciplinary action against CAML for lack of due diligence
The Securities and Futures Commission (SFC) has publicly reprimanded Convoy Asset Management Limited (CAML) 1 and fined it $6.4 million pursuant to section 194 of the Securities and Futures Ordinance (SFO). CAML is licensed to carry on Type 1 (dealing in securities),...
