Investment fraud- Envy Asset Management and Envy Global Trading not licensed by MAS
MAS had placed EAM on the Investor Alert List on 19 March 2020, to highlight that Envy Asset Management (Envy) may have been wrongly perceived as being licensed by MAS. MAS had received public feedback that Envy had told customers that it was in the process of...
Revised Penalty Framework for Annual Lodgments from 30 Apr 2021Revised Penalty Framework for Annual Lodgments from 30 Apr 2021
All Singapore incorporated companies, Variable Capital Companies (VCCs) and Limited Liability Partnerships (LLPs) are required to file annual lodgment including annual returns and annual declarations with ACRA, within a prescribed timeline, under ACRA legislations....
MAS to enhance enforcement actions against market abuse and financial misconduct
In its Enforcement Report published today, the Monetary Authority of Singapore (MAS) has detailed several actions against financial institutions (FIs) and individuals for market abuse, financial misconduct, and control breaches related to money laundering. The MAS...
EX-BSI Banker banned for life by MAS
The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Mr Kevin Michael Swampillai for deliberately making misrepresentations to KPMG Malaysia – auditors of the Malaysian state-owned strategic development company,...
