MAS imposes higher penalties, more convictions for financial irregularities

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MAS imposes higher penalties, more convictions for financial irregularities
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MAS report shows it's dealing with more breaches of laws and regulations

Jamus Lim: I wish the country can do more for Singaporeans who aren’t "officially poor" but "live in conditions most of us would consider poverty"MAS imposed a civil penalty of S$12.6 million on Noble Group in August 2022 for publishing misleading information in financial statements from 2016 to 2018 in breach of the Securities and Futures Act

Nine-year prohibitory orders were issued against Three Arrows Capital Pte Ltd directors Mr Zhu Su and Mr Kylie Livingston Davies, banning them from performing any regulated activity and taking part in management for failing to discharge their duties as directors.

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