MAS takes action against market abuse, financial misconduct


Lush’s Christmas collection will make…
Pioneering Black doll Baby Nancy enters…
You Can Only Use 364GB Of The Xbox…
How Losing Weight Through Fruits Affect…
Starbucks Is Giving Away FREE Reusable…
The Best Club Teams in History – Ranked by…
All-new Hyundai i20 launched – All you…
These 10 Thanksgiving Facts Will Surprise You
Monk wins lottery; flees cash seekers
Ariana Grande’s Positions is the horny…
Ask a makeup artist: Peter Khor ans…
Biden closes in on White House victory…
Affordable essential oil diffusers to make…
Call of Duty: Black Ops Cold War developer…
Delirium could be an early marker of…
Robot bartenders and baristas have landed…
Tata Nexon crosses the 1,50,000 unit milestone
10 hidden gems of local UK architecture…
Dan + Shay, Justin Bieber, Keith Urban…
Japan’s new hydrogen project, the Hy…
Dow jumps 430 points as post-election stock
Where to buy PS5 pre-orders: keep checking…
GM profit beat driven by strength in trucks…
There Are 7 Types of Rest, According …
Photo Gallery: Minnesota United vs…
Noomi Rapace to star in Netflix Scandi…
This S’pore Couple Turned A Vintage Cl…
People are mistaking a Baltimore Orioles…
PlayStation 5 won’t be available for in-store…
Top Gulf Arab Bond Manager Hungry for…
6 Stretches To Do First Thing In The Morning…
This is the easiest side dish to make for…
Coronavirus latest: Samsung memorial attendees told to get tested; Singapore
The Monetary Authority of Singapore (MAS) has imposed $15m in total penalties against financial institutions (FIs) and individuals for market abuse, financial misconduct, and control breaches relating to money laundering.

In a press release, the regulator said that it has imposed $11.7m in civil penalties and, together with the Attorney-General’s Chambers, secured the criminal convictions of nine individuals for market misconduct and related offences.
MAS has also imposed $3.3m in composition penalties for money laundering-related control breaches and said that it has issued 25 prohibition orders against unfit representatives.
The regulator shared that it has decreased the average time taken for completing reviews and investigations, from 33 months to 24 months for criminal cases, and from 30 months to 26 months in civil penalty cases.
A more complete measure of ESG in Mexico
It entails a local currency bilateral swap and a repo agreement. The Monetary Authority of Singapore (MAS) and Bank Indonesia have extended their $13.6b (US$10b) bilateral agreement for another year, a statement read. It entails two agreements, firstly a local currency bilateral swap which allows for the exchange of local currencies between the two central banks of up to $9.5b or IDR100t (about US$7b). It also grants a bilateral repo agreement…
Deputy chairman Miguel Ko will succeed Ng Kee Choe. CapitaLand has announced that its chairman and director Ng Kee Choe will retire from his post at the conclusion of its next annual general meeting (AGM) scheduled for April 2021. Miguel Ko, deputy chairman of CapitaLand, will succeed Ng. Ng joined the CapitaLand board in April 2010 and became chairman in May 2012. He oversaw the laying of a firm foundation for the company to achieve sustainable…
The company has been significantly impacted by the pandemic. Singapore company Japan Foods Holdings has seen its net profit crash by 80.2% in 2020, according to its latest results. It will delay overseas expansion plans to focus on “optimising resources locally and preparing for further lifting of COVID-19 measures as Singapore looks to Phase 3.” Japan Foods reported a net profit of $300,000 for HY2021, compared to $1.5m from the same time last…
Lower net interest income triggered the fall. DBS has recorded a 20% fall in its Q3 net profit, totalling $1.3b during the quarter from $1.63b in Q3 2019, according to a bourse filing. The net profit decline was brought about by lower net interest income, DBS said. Third quarter net interest income also shrunk 12% YoY to $2.17b from $2.46b a year ago. Compared to the second quarter, the lender posted a 4% net profit jump in Q3 from $1.25b…
Singapore’s financial regulator is prioritizing its crack down on disclosure breaches, the misselling of financial products and anti-money laundering this year and next as the city state looks to cement its status as a regional financial hub.
Asian shares advanced Thursday after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2% while the outcome of the U.S. presidential election remained in limbo. Hong Kong’s benchmark led the region, gaining 2.4%, while shares also rose by more than 1% in Tokyo and South Korea. Overnight, the S&P 500 rose 2.2% for its best day in five months. The benchmark index had…
Diagnostic Tool