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MAS reports $16.8 mil in fines imposed over past 18 months in very first enforcement report

Management & Corporate Governance

MAS reports $16.8 mil in fines imposed over past 18 months in very first enforcement report

Chan Chao Peh Published on Wed, Mar 20, 2019 / 3:48 PM GMT+8

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SINGAPORE (Mar 20): In the 18 months to Dec 2018, the Monetary Authority of Singapore (MAS) secured one criminal conviction, issued 19 prohibition orders and imposed fines totalling $16.8 million.

This according to the very first Enforcement Report published by Singapore's financial regulator.

During the period under review, MAS also issued 37 reprimands, 31 letters of advice, 223 warnings and 444 supervisory reminders.

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